Injective Upgrades Tokenomics with No Limit on $INJ Burn Acution

Injective Upgrades Tokenomics with No Limit on $INJ Burn Acution
Source: Injective

Injective released its tokenomics upgrade which can increase the amount of INJ burned weekly.

All dApps built on Injective can contribute to the INJ burn auction with no limit to how much of their fees they wish to burn. In turn, this can lead to a robust on-chain economy powered by INJ as burn auctions can now capture value from all dApps across the Injective ecosystem.

The Injective Token Burn Auction is a mechanism that collects protocol fees and originally auctioned off 60% of all fees collected on exchange dApps built on Injective, and subsequently burned the tokens used to pay for the auction basket.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

DeFi

Cosmos

Layer 1

In This Article

Related News
Berachain Raised $100M Series B Round, Led by Framework Ventures and BH Digital Berachain Raised $100M Series B Round, Led by Framework Ventures and BH Digital
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
Nomic to Partner with Babylon to Launch Liquid Staking Token for Bitcoin Nomic to Partner with Babylon to Launch Liquid Staking Token for Bitcoin
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Latest News More More
2 Hours Ago Tether Partnered with Telegram to Launch USDT Payment
3 Hours Ago Bitcoin Layer 2 Stacks to Rollout Nakamoto Upgrade
3 Hours Ago Memecoin Shiba Inu Raised $12M From a Private Token Sale
1 Day Ago ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger
1 Day Ago Bitcoin Fees Fall Sharply After Hit the Historically Record on the Havling Day
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open