Stader Labs' proposal to destroy 20% of SD tokens was approved
By:Cointime
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.
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