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StaFi Protocol Launches “100% Destruction of FIS Tokens to Treasury Addresses” Proposal

StaFi Protocol Launches “100% Destruction of FIS Tokens to Treasury Addresses” Proposal

Bitget2024/08/22 11:53

The StaFi Protocol, a liquidity pledge protocol, has launched a FIS token destruction proposal that proposes to destroy 100% of the inflationary FIS every 30 days, which would flow to a treasury address. This action is intended to reduce the FIS inflation rate from 10 percent to around 6 percent, thus transforming the token into a deflationary model.

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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.

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