Stader Labs' proposal to destroy 20% of SD tokens was approved

05/31 02:59

Wechat scan to share

On May 31st, Stader Labs, a multi-chain liquidity collateral platform, announced that its proposal to destroy 20% of the total supply of SD tokens has been approved. This marks the completion of the first phase of the SD token's economic transformation. The proposal suggests that due to concerns over the low float and high FDV of the SD token, 20% of the total token supply, or 30 million SD tokens, will be destroyed, reducing the total supply from 150 million to 120 million.

Comments

All Comments

Recommended for you

Kevin Helms · 03/31 03:15

Coinbase Rallies Behind Incoming SEC Chair Promising Full Focus on Crypto Clarity

Coinbase’s legal chief hailed the incoming SEC chair’s vow to prioritize crypto clarity, end debanking, and foster innovation as a long-awaited shift benefiting U.S. markets.
bitcoin.com · 03/31 03:10

SEC Commissioner Calls for 7 Crypto Reforms That Corner Congress With Urgency

SEC commissioner laid out a bold seven-point plan urging Congress to slash red tape, empower existing agencies, and protect peer-to-peer crypto from regulatory overreach.
Vincent Tabora · 03/31 03:09

Centralization and the dark side of asset tokenization — MEXC exec

Stablecoins are the largest tokenized RWA niche, with a market cap of over $227 billion, followed by private credit at over $12.2 billion.
Marcel Pechman · 03/30 06:47

Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst

Analysts say central banks will expand liquidity in the near future, opening the door for Bitcoin price to make a push toward new all-time highs.
Francisco Memoria · 03/30 06:44

Bitcoin Miner MARA Starts Massive $2B Stock Sale Plan to Buy More BTC

The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
iBTCNetwork · 03/30 06:42

iBTC to Enable Bitcoin-Based Margin Flows for Institutional Counterparties on the Canton Network

The partnership marks the first time Bitcoin can serve as collateral for OTC derivatives margin flows while maintaining transactional privacy and efficiency
@HabitTradeNews · 03/29 03:59

The Irreversible Integration of Global Capital Markets

These two seemingly parallel worlds, driven by the resonance of their underlying logic, are on the cusp of a historic convergence.
PermaDAO · 03/29 03:59

Arweave/AO Ecosystem Highlights Week 12｜Gold Standard Nodes Competition, $AO Listed on CoinGecko & CoinMarketCap, Aolotto Launches $ALT Staking

Arweave sets a new weekly storage record at 7 TiB, $AO gets listed on CoinGecko and CoinMarketCap, Aolotto launches staking with daily rewards, WeaveVM rebrands to Load Network, and Rimbox rolls out the Set Position feature.
PermaDAO · 03/29 03:59

PermaDAO #110 | Aolotto Stake is Now Live | 3.15 - 3.21

Incubated projects Aolotto and Rimbox rolled out major updates, while the weekly highlight recap session continued. For more details on DAO updates, check out the full weekly report!
EMC Labs · 03/29 03:57

The Fed “let go”, ETF funds flowed in, and BTC rebounded to the key price (03.17~03.23)

The BTC Spot ETF channel recorded net inflows for all five trading days of the week, totaling US$1.05 billion, which became the material support for BTC's rebound.