StaFi Protocol launches "100% destruction of FIS tokens flowing into treasury addresses" proposal
2024-08-22 11:31:00
StaFi Protocol, a liquidity staking protocol, launched the FIS token destruction proposal, proposing to destroy 100% of the inflationary FIS every 30 days, which would flow into the treasury address. This action aims to reduce the FIS inflation rate from 10% to around 6%, thus transforming the token into a deflationary model.
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