# Block Reward Reduction Announcement

**URL:** <https://devforum.kaia.io/t/block-reward-reduction-announcement/6182>\
**Category:** Announcements\
**Created:** [11월 9, 2022, 7:49오전 UTC](https://devforum.kaia.io/t/block-reward-reduction-announcement/6182 "2022-11-09T07:49:20Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![terri\_tory](https://yyz1.discourse-cdn.com/flex035/user_avatar/devforum.kaia.io/terri_tory/32/665_2.png) [@terri\_tory](https://devforum.kaia.io/u/terri_tory)\
**Post date:** [11월 9, 2022, 7:49오전 UTC](https://devforum.kaia.io/t/block-reward-reduction-announcement/6182/1 "2022-11-09T07:49:20Z")

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As mentioned in [block reward reduction announcement](https://klaytn.medium.com/governance-proposal-for-klaytn-block-reward-reduction-3f28c7175363), the block reward will be reduced on Klaytn Baobab and Cypress networks in November, 2022. You can find more details in [proposal reduction of klaytn block reward](https://govforum.klaytn.foundation/t/proposal-reduction-of-klaytn-block-reward/117).

**As-Is Block Rewards**

- 9.6 KLAY newly minted per block
- Allocation of newly minted amount: GC — 34% / KGF — 54% / KIR — 12%

**To-Be Block Reward**

- 6.4 KLAY newly minted per block
- Allocation of newly minted amount: GC — 50% / KGF — 40% / KIR — 10%

**Voting**

Voting had been held in following blocks.

**Baobab**

- block 105193190 (Oct 26, 2022, 16:38:55 KST): Block with reward.MintingAmount Vote
- block 105193221 (Oct 26, 2022, 16:39:26 KST): Block with reward.ratio Vote

**Cypress**

- block 105629058 (Nov 04, 2022 13:04:54 KST): Block with reward.MintingAmount Vote
- block 105629111 (Nov 04, 2022 13:05:47 KST): Block with reward.ratio Vote

**Schedule**

**Baobab Target**

- Block number: 105,840,000
- Estimated time: Nov 03, 2022, 04:19:05 KST

**Cypress Target**

- Block number: 106,444,800
- Estimated time: Nov 13, 2022, 23:26:20 KST

\*The exact time can vary depending on the network status.