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 Sky co-founder proposes no new emissions for core token Cointelegraph 04 Nov 2024

Sky co-founder proposes no new emissions for core token 🛑

Rune Christensen, co-founder of Sky, has proposed a significant shift to a deflationary model by stopping new emissions for their core token. This move aims to permanently halt the creation of new tokens to balance the overall supply dynamics.

The proposal reflects MakerDAO's original intention to implement a supply reduction strategy, aligning Sky's future trajectory with these foundational goals. By freezing new token issuance, the initiative seeks to stabilize and potentially increase the token's value over time, offering a conservative approach to token management.

Source: cointelegraph.com ↗