TechFlow news, the multi-chain liquid staking platform Stader plans to conduct a major tokenomics reset, addressing the SD token economy in the following aspects through four key levers: resolving low circulating supply and high FDV issues, optimizing circulating supply, and enhancing token utility. The plan includes:
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Stader will burn 20% of the total token supply, reducing the total SD supply from 150 million $SD to 120 million $SD. The burn proposal has received over 99% DAO approval and will be executed on June 25, 2024.
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Quarterly SD buybacks: 20% of company revenue will be allocated to SD buybacks to support the token's sustainable development.
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Adjust reward distribution to ensure TVL growth outpaces the expansion of rewards.
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Utilize SD to provide insurance coverage, enhancing token utility. Specific proposals will be shared with the community.
