TechFlow reports that an informal discussion is underway on the Solana-based DEX Serum forum, proposing the burning of over 9 billion $SRM tokens currently locked. Community members argue that nearly 99% of the $SRM supply, which remains un-circulating while locked, serves no meaningful purpose. Instead, it significantly inflates the FDV without providing any positive impact on the $SRM token itself, potentially deterring investors who may be discouraged by the extremely high FDV. A formal governance proposal requires more than 100,000 $SRM to be initiated, and must receive at least 1.5 million $SRM in supporting votes to proceed.
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