Conflux's CFX Burn and Staking Proposal Approved, 76 Million CFX to be Burned

ChainCatcher reports that Conflux Network has announced the approval of the CFX burning and staking proposal. 76 million CFX will be burned, and 500 million CFX will be staked to reduce the PoS annual interest rate to approximately 13.38%. The Conflux Foundation will proceed with the burning as soon as possible, and the records will be shared on-chain after the burning is completed.