Injective recently announced the release of its upcoming upgrade, INJ 3.0. According to Injective’s official X account, INJ 3.0 will bring a massive upgrade to Injective tokenomics.
After INJ 3.0, $INJ will become the most deflationary asset in the market. The latest proposal will directly decrease the INJ supply at a rapid pace. The injective community is already discussing the governance decision on their forum.
Injective also released an official post to share information about the proposal. Here is an overview of the details:
Lower Bound: Set at 5%, the rate will decrease by 25% over the next two years, quarterly.
Upper Bound: Set at 10%, the rate will be decreased by 30% over the next two years.
The proposed schedule for the lower and upper bounds is as follows:
- 2024 Q1 End: 5% and 10%
- 2024 Q2 End: 4.875% and 9.625%
- 2024 Q3 End: 4.75% and 9.25%
- 2024 Q4 End: 4.625% and 8.875%
- 2025 Q1 End: 4.5% and 8.5%
- 2025 Q2 End: 4.375% and 8.125%
- 2025 Q3 End: 4.25% and 7.75%
- 2025 Q4 End: 4.125% and 7.375%
- 2026 Q1 End: 4% and 7%
- 2026 Q2 End: Reevaluation for further reductions
- Inflation rate change adjustment
Increasing the inflation rate from 0.1 to 0.5 will increase the responsiveness to staking activity.
Other than this, Injective will share more information about the $INJ 3.0 airdrop on its forum on April 17 at 8:30 PM UTC. The platform has invited users to start whitelisting their wallets for the upcoming upgrade.
Please be aware that the whitelisting window will close in 12 hours.
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