banff

ChainCatcher news, Avalanche announced the successful activation of the Banff upgrade on its mainnet. This upgrade allows Avalanche subnet validators to stake using subnet tokens and earn rewards, and it also enables subnet creators to remove validators from the subnet before the staking period ends.It is reported that this change will not be immediately applied to all subnets. To operate in this manner, subnet creators must change their subnets to elastic subnets. Additionally, the Banff upgrade is a hard fork, and validators will need to upgrade to the latest version; otherwise, they will face being marked as offline and seeing a reduction in rewards.Ava Labs Engineering Director Patrick O'Grady stated that elastic subnets are the biggest feature of Avalanche since the network's launch in 2020. When creators convert their subnets to elastic subnets, they open staking to anyone who holds their subnet tokens and directly reward them for providing additional security. However, validators still need to stake AVAX tokens, which are necessary for the upcoming native cross-subnet messaging feature. (Source link)

Chain Catcher News, Avalanche announced the upcoming launch of the AvalancheGo upgrade "Banff," which will be activated on the Fuji testnet on October 3 at 22:00, with the mainnet activation time to be announced later. Banff unlocks the ability for subnet creators to use their own tokens to activate proof-of-stake validation and rewards based on uptime on their own subnets, meaning anyone can become a validator for a subnet simply by staking their tokens on the P-Chain.Subnets that choose to enable these new features must convert to the elastic new subnet in one go. When enabling elastic validation, creators permanently lock the subnet to prevent future modifications (relinquishing control keys), specify the validators that must be used for staking and will be distributed as staking rewards in Avalanche Native Token (ANT), and provide a set of parameters that control how the subnet staking mechanism works (such as what the minimum staking amount is). (Source link)