Filecoin Proposal FIP-0118 Would Cut Consensus Block Reward Share to 50%

The design matters more than the headline number: unearned service rewards are burned rather than redistributed, so the change tightens FIL issuance if paid storage demand does not materialise, while giving storage providers a direct incentive to sell services. That shifts the network's economics from a subsidy model toward a usage-linked one, affecting existing providers whose returns have leaned on consensus rewards. Whether paid storage demand grows fast enough to offset the declining consensus share over the nine-quarter glide path is the open question.