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Osmosis ends OSMO issuance and shifts staking rewards to protocol revenue

NewsFeeds update

Cosmos-based decentralised exchange Osmosis has ended OSMO token issuance and moved the source of staking rewards from new token minting to protocol revenue. The change removes about two percentage points of staking yield backed by issuance and freezes about 51.9m pre-minted developer tokens.

AltcoinsChainCatcherAIBullish

Read the original on ChainCatcher

The story so far: Osmosis ends OSMO inflation

The Osmosis community proposed ending OSMO minting for staking rewards and the community pool, funding rewards from protocol revenue. The proposal passed, and Osmosis has now ended OSMO issuance, moving staking rewards to protocol revenue and freezing about 51.9m pre-minted developer tokens.

  1. Osmosis community proposes ending OSMO inflation issuance

    The Osmosis community has floated a proposal to stop minting new OSMO for staking rewards and the community pool, funding staking rewards entirely from protocol revenue and halting daily vesting of developer tokens. It is due on-chain on 20 October if approved.

    AltcoinsPANewsAIBullish

  2. Osmosis halts OSMO inflation after governance vote

    Osmosis has halted OSMO inflation, issuing no new tokens in the latest epoch versus 91,324 a day previously. Governance Proposal 1053 passed with 91.1% support, and staking rewards will now come from protocol revenue, with burned OSMO removed from total supply.

    AltcoinsCoinNessAIBullish

  3. Osmosis ends OSMO issuance and shifts staking rewards to protocol revenue

    Cosmos-based decentralised exchange Osmosis has ended OSMO token issuance and moved the source of staking rewards from new token minting to protocol revenue. The change removes about two percentage points of staking yield backed by issuance and freezes about 51.9m pre-minted developer tokens.

    AltcoinsChainCatcherAIBullish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.