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STON.fi DAO Updates

5 Mar, 14:18

Open in Telegram Share Report

✍️ New Proposal Submitted

Burn All STON Tokens Purchased Through Treasury Buybacks

This proposal suggests permanently burning all STON tokens previously acquired by the treasury through buyback operations. Instead of retaining these tokens in treasury wallets, they would be sent to an unrecoverable burn address to reduce the total circulating supply. The motivation behind this action is to enhance transparency, strengthen market confidence, and ensure that buybacks contribute to long-term deflation. The proposal details identifying relevant tokens, transferring them to a verified burn address, and publicly verifying the transaction on-chain. This move aims to signal a commitment to scarcity, though it would reduce the treasury's future flexibility.

AI-generated summary. Please refer to the full proposal for details.

🗳️ Discussion is open — share feedback and questions in the proposal thread.

🔗 View in DAO (EQAx...t0no)

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