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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.

By Shaurya Malwa
Updated May 11, 2023, 4:43 p.m. Published Aug 26, 2022, 12:04 p.m.
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)