Synthetix has officially ended the SNX token inflation

2023-12-21 11:46:52
Collection

ChainCatcher news, the decentralized derivatives protocol Synthetix stated on the X platform that, according to SIP-2043, investors will no longer receive new inflation rewards starting today. However, users may still notice available SNX rewards to claim. These are just the rolling unclaimed rewards.

It is reported that the SIP-2043 proposal aims to end SNX inflation. This proposal to end inflation means a redistribution of rights between SNX stakers and regular holders. The inflation incentives for SNX staking will disappear, and the rights of regular holders will no longer be continuously weakened by inflation.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators