ListaDAO released LIP 021 proposal, aiming to permanently burn 20% of the maximum token supply in one go

ChainCatcher news, ListaDAO has released the LIP 021 proposal, which plans to permanently burn 20% of the maximum supply of LISTA (approximately 200 million), reducing the total supply from 1 billion to 800 million, in order to achieve a more significant deflationary effect and further stabilize the value foundation of the token.

In addition, the proposal suggests abolishing the current mechanism that allocates 40% of weekly protocol revenue for the buyback and freezing of LISTA, replacing it with a more flexible allocation method: part of it will continue to reward veLISTA holders, another part will be used to support DAO operations, market expansion, and ecosystem development, while the remaining 60% of revenue distribution will remain unchanged.

The ListaDAO team stated that this move will help to control token inflation in the long term, release more resources to accelerate ecosystem development, and enhance market and community confidence in the long-term value of the protocol. If the proposal is approved, it will be implemented immediately, and relevant token economic data will be updated accordingly.