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