$FIS Burn Proposal (Discussion).
22 Aug 2024, 11:23
$FIS Burn Proposal (Discussion)
We are proposing to burn 100% of the $FIS tokens that continuously flow into the treasury address.
This action is intended to reduce $FIS inflation from 10% to around 6%, transitioning the token towards a deflationary model.
✅FIS circulation overview
Circulating $FIS supply is currently 145.829 million. From the 10% inflation rate, 6.2% of inflated FIS goes to stakers and validators, while 3.8% is allocated to the address trsry in the treasury.
trsry:
✅FIS Treasury
$FIS Treasury consists of three main components: inflated $FIS, vested $FIS from genesis, and protocol income generated from $rToken services.
For now:
Total FIS in the treasury: 55,987,197.860 $FIS
Staking: 55.82%
Remaining: 44.17%
Protocol income: 2,373,903 $FIS
✅FIS Burn Proposal Detail
We propose burning 100% of inflated FIS every 30 days that flow into the treasury address. This will result in:
1️⃣A total treasury of 55,987,197.860 $FIS + Protocol income + 0% inflation $FIS.
2️⃣A decrease in $FIS inflation from 10% to approximately 6%.
✅Why
1️⃣Reinforce the value of the $FIS token
2️⃣Can cover anticipated expenditures for the coming years for current $FIS treasury
3️⃣Further boost revenue in the transition from StaFi rToken to LSaaS
4️⃣Move StaFi towards a deflationary model
✅Future Burn
Future deflationary strategies include but are not limited to:
1️⃣Support a buy-and-burn mechanism.
2️⃣Lower the inflation rate from 6% to around 1-3%.
3️⃣Decouple rToken from StaFiChain & StaFi Hub and migrate $FIS & $rFIS to an Ethereum contract as the primary chain.
✅Next Steps
After a thorough discussion for the proposal in the DAO forum, a voting will be followed. Upon approval, the dev team will prepare for the $FIS burning.
Your insights will be highly valued, welcome to join the discussion!
▶️Proposal:
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22 Aug 2024, 11:36
We're thrilled to announce the release of Episode 10 of Healthspan Horizons! This time, we’re joined by Tom Lawry, a pioneering figure in #AI transformation for healthcare.
Tom, the author of #HackingHealthcare and former National Director for AI at Microsoft, shares his insights on how AI and intelligent systems are poised to revolutionize the healthcare industry.
In a Harris Poll of 2023 JP Morgan Healthcare Conference attendees, Tom was named one of the most recognized leaders driving change and engagement in healthcare today.
Don’t miss this enlightening conversation on the future of medical practices and the pivotal role of #technology in enhancing #healthcare outcomes.
🎥 Watch on YouTube:
🎧 Listen on Spotify:
🍎 Or on Apple Podcasts:
#HealthspanHorizons #HealthcareInnovation #AIFuture
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
We're thrilled to announce the release of Episode 10 of Healthspan Horizons.
We're thrilled to announce the release of Episode 10 of Healthspan Horizons! This time, we’re joined by Tom Lawry, a pioneering figure in #AI transformation for healthcare.
Tom, the author of #HackingHealthcare and former National Director for AI at Microsoft, shares his insights on how AI and intelligent systems are poised to revolutionize the healthcare industry.
In a Harris Poll of 2023 JP Morgan Healthcare Conference attendees, Tom was named one of the most recognized leaders driving change and engagement in healthcare today.
Don’t miss this enlightening conversation on the future of medical practices and the pivotal role of #technology in enhancing #healthcare outcomes.
🎥 Watch on YouTube: https://buff.ly/3XckjOp
🎧 Listen on Spotify: https://buff.ly/3XejeWG
🍎 Or on Apple Podcasts: https://buff.ly/3SfyEqv
#HealthspanHorizons #HealthcareInnovation #AIFuture
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
22 Aug 2024, 11:36
We're thrilled to announce the release of Episode 10 of Healthspan Horizons! This time, we’re joined by Tom Lawry, a pioneering figure in #AI transformation for healthcare.
Tom, the author of #HackingHealthcare and former National Director for AI at Microsoft, shares his insights on how AI and intelligent systems are poised to revolutionize the healthcare industry.
In a Harris Poll of 2023 JP Morgan Healthcare Conference attendees, Tom was named one of the most recognized leaders driving change and engagement in healthcare today.
Don’t miss this enlightening conversation on the future of medical practices and the pivotal role of #technology in enhancing #healthcare outcomes.
🎥 Watch on YouTube:
🎧 Listen on Spotify:
🍎 Or on Apple Podcasts:
#HealthspanHorizons #HealthcareInnovation #AIFuture
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
We're thrilled to announce the release of Episode 10 of Healthspan Horizons.
We're thrilled to announce the release of Episode 10 of Healthspan Horizons! This time, we’re joined by Tom Lawry, a pioneering figure in #AI transformation for healthcare.
Tom, the author of #HackingHealthcare and former National Director for AI at Microsoft, shares his insights on how AI and intelligent systems are poised to revolutionize the healthcare industry.
In a Harris Poll of 2023 JP Morgan Healthcare Conference attendees, Tom was named one of the most recognized leaders driving change and engagement in healthcare today.
Don’t miss this enlightening conversation on the future of medical practices and the pivotal role of #technology in enhancing #healthcare outcomes.
🎥 Watch on YouTube: https://buff.ly/3XckjOp
🎧 Listen on Spotify: https://buff.ly/3XejeWG
🍎 Or on Apple Podcasts: https://buff.ly/3SfyEqv
#HealthspanHorizons #HealthcareInnovation #AIFuture
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
22 Aug 2024, 11:32
This fire isn't fading. More Sparks are coming with a lot more action.
Get ready 🔥
This fire isn't fading. More Sparks are coming with a lot more action. Get ready.
This fire isn't fading. More Sparks are coming with a lot more action.
Get ready 🔥
http://ignition.coredao.org