PANews, May 23 - The Initia Foundation has released a governance proposal on its official forum, proposing to correct the current release rate of 5% of the total annual supply of INIT to the initially set “5% of the stake supply,” which equates to an annual total supply of 1.25%. This correction stems from a parameter configuration error during the genesis on April 24, which resulted in inflation being nearly four times higher than originally planned.
The foundation also proposed two types of subsidy plans aimed at compensating users for losses in staking收益 due to Proposal 39. The subsidies will be covered by the foundation’s treasury, and users can apply for them in the Initia App before July 7, with no lockup requirements. On-chain voting will start on May 26 at 14:00 and will be executed or rejected on June 2. The foundation recommends voting against the original Proposal 39 to safeguard the credibility of community governance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
