Synthetix has officially ended SNX token inflation
Decentralized derivative protocol Synthetix announced on the X platform that, according to SIP-2043, investors will no longer receive new inflation rewards starting today. However, users may still notice claimable SNX rewards, which are just rolling over from unclaimed rewards.It is reported that the SIP-2043 proposal aims to end SNX inflation. The proposal to end inflation means a redistribution of rights between SNX stakers and regular holders. The inflation incentive for SNX staking will disappear, and the rights of regular holders will no longer be constantly weakened by inflation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sei Research Initiative Aims to Overcome EVM Limitations
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads
The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.
Reimagining EVM Storage: Addressing Key Blockchain Challenges
Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies.
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.
Trending news
MoreCrypto prices
More
