News/Synthetix Founder Proposes to Cap Total Supply of $SNX at 300M

Synthetix Founder Proposes to Cap Total Supply of $SNX at 300M

Aug 26,2022,15:08
Kain Warwick, the founder of Synthetix, raised proposal SIP-276, proposing to fix the total supply of $SNX at 300m and end inflation when the total supply reaches the cap. Currently, the total supply of $SNX is more than 293m, and inflation will run for a further ten fee periods. The proposal also suggests elevating the token supply to metagovernance status, meaning that any future changes to the token supply will require a unanimous vote by the Spartan Council.
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