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Synthetix has officially ended SNX token inflation

Synthetix has officially ended SNX token inflation

CointimeCointime2023/12/21 04:21
By:Cointime

Decentralized derivative protocol Synthetix announced on the X platform that, according to SIP-2043, investors will no longer receive new inflation rewards starting today. However, users may still notice claimable SNX rewards, which are just rolling over from unclaimed rewards.It is reported that the SIP-2043 proposal aims to end SNX inflation. The proposal to end inflation means a redistribution of rights between SNX stakers and regular holders. The inflation incentive for SNX staking will disappear, and the rights of regular holders will no longer be constantly weakened by inflation.

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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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