TechFlow news — Synthetix founder Kain Warwick has proposed a new governance proposal, SIP-276, aiming to cap the total supply of SNX tokens at 300 million to end inflation.
Current SNX inflation has already increased the total supply to 293 million SNX. Over the next ten weeks, approximately 6,748,739 additional tokens will be minted until the total supply reaches 300 million SNX.
Warwick explained that the reward-based inflation model for SNX was initially designed to "bootstrap the network," but he believes this is no longer necessary, as sustainable fee revenues can now be generated through atomic swaps. Original link
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