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DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M; Here’s Why

The inflationary model helped bootstrap the Synthetix ecosystem and was no longer needed, founder Kain Warwick explained.

The founder of popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of the native SNX tokens to 300 million. (Vicky Sim/Unsplash)
The founder of popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of the native SNX tokens to 300 million. (Vicky Sim/Unsplash)