The founder of Synthetix initiated the SIP-2043 proposal, suggesting to reduce the weekly SNX inflation rate to zero
ChainCatcher news, Synthetix founder Kain Warwic has submitted a draft "SIP-2043: End SNX Inflation" to the governance committee Spartan Council, proposing to reduce the weekly SNX inflation rate to zero, stating that this change only requires updating one parameter, so it can be implemented quite quickly.
Kain Warwic believes that the effectiveness of SNX inflation incentives has significantly decreased, and continuing inflation would be counterproductive, as the current inflation is at a low single-digit level, which will not have a meaningful impact on the behavior of stakeholders.
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