Home Cryptocurrency DeFi Platform Synthetix’s Founder Proposes Capping Token Supply at 300M; Here’s Why

DeFi Platform Synthetix’s Founder Proposes Capping Token Supply at 300M; Here’s Why

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“On one hand inflation redistributes ownership of the network to those who stake, but it simultaneously decreases the dollar-denominated fee yield (paid in sUSD) per SNX over time. The problem with this is that it creates constant downward pressure on the price of the SNX token,” he added.

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