The proposal to destroy 20% of SD tokens issued by multi-chain liquidity staking platform Stader Labs was approved
2024-05-31 10:48:43
On May 31st, the proposal to destroy 20% of the total supply of SD tokens issued by multi-chain liquidity staking platform Stader Labs was approved. The first phase of the transformation of SD token economics will be completed. The proposal shows that due to concerns about the low float and high FDV of SD tokens, it is proposed to destroy 20% of its total token supply, that is, 30 million SDs, reducing the total supply from 150 million to 120 million.
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