Axie Infinity: Plans to destroy 10 million SLP from the Stability Fund reserve
Axie Infinity has announced updates on its March SLP Stability Fund, which shows an increase of 60,291,509 SLP in supply for March. The Stability Fund has a USDC balance of 55,000 and an SLP balance of 9,773,028, with a net destruction of 59,194,118 SLP. Axie Infinity has also announced its next plans, which include purchasing 5,000 USDC worth of SLP tokens at current prices and burning 10 million SLP from the Stability Fund reserve.
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
Over 92.3% Price Pump Await FLOKI Holders as the Memecoin Turned Altcoin Shows Strong Bullish Indicators
Monkey Tilt Raises $30M to Redefine Online Gaming with Crypto and Classic Casino Features
$47B in BTC may flow into Bitcoin L2s by 2030 — Galaxy Research
Mara Holdings raises $1B for Bitcoin acquisition, debt buyback