Polkadot officially launches Elastic Scaling 2 through Referendum 1721

According to ChainCatcher, citing Polkadot World, Polkadot referendum No. 1721 has been approved, marking the official entry of the project into phase 2.

This upgrade cancels the parachain slot auctions, initiates elastic scaling, lowers the entry barrier for developers, and plans to be compatible with the EVM environment, enhance liquidity, and reduce high staking rewards. The annual inflation rate of DOT will be reduced to 3.1% by 2026. The Polkadot Hub and related liquidity plans are expected to launch in 2026.