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.