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ETH $2,223.21 -3.03%
BNB $672.57 -0.89%
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SOL $89.28 -3.31%
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BCH $426.33 -2.29%
LINK $10.07 -4.23%
HYPE $44.17 -0.33%
AAVE $92.89 -5.84%
SUI $1.09 -7.80%
XLM $0.1544 -5.18%
ZEC $515.52 -7.72%
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The StaFi Protocol has initiated a proposal to "100% destroy the FIS tokens continuously flowing into the treasury address."

2024-08-22 19:24:44
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ChainCatcher news, the liquid staking protocol StaFi Protocol has initiated a proposal to burn FIS tokens, suggesting the destruction of all FIS tokens continuously flowing into the treasury address. This action aims to reduce the FIS inflation rate from around 10% to about 6%, thereby transforming the token into a deflationary model.

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