Axie Infinity: Plans to destroy 10 million SLP from the Stability Fund reserve
Axie Infinity has announced updates on its March SLP Stability Fund, which shows an increase of 60,291,509 SLP in supply for March. The Stability Fund has a USDC balance of 55,000 and an SLP balance of 9,773,028, with a net destruction of 59,194,118 SLP. Axie Infinity has also announced its next plans, which include purchasing 5,000 USDC worth of SLP tokens at current prices and burning 10 million SLP from the Stability Fund reserve.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Scam Sniffer: Crypto-Malware "Meeten" Renamed to "Meetio", Reminding Community to Be Vigilant
US Bitcoin ETF assets break $100 billion
Citron Research: MicroStrategy short positions have been hedged
Anzen Finance announces token economics: total supply is 10 billion