Governor Note: Synthetix Turning Off the Money Printer

SIP 276 is proposing that Sythetix cap its SNX supply at 300 million. In 10 weeks there will be no more inflationary SNX rewards for SNX stakers. This signals a shift from bootstrapping the protocol’s liquidity to attempting to become a sustainable revenue generation protocol that will share its revenue with its users. The Synthetix V3 staking incentive proposal suggests there will be new mechanisms to encourage users to continue to stake SNX.

Continue reading on Messari