Initia to More Than Double Initia VIP Supply

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Foresight News
16 hours ago
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Foresight News reports that Initia will more than double the supply of Initia VIP. The team has currently reduced the staking emission rate to an annual rate of 2-3%, and plans to increase the VIP reward from 10% to over 25% to promote the expansion and fluid allocation of funds. Additionally, the token supply allocated to staking will be reduced from 40% to around 25%.

The purpose of Initia VIP is to leverage Initia's L1 architecture and native token INIT to strengthen economic coordination and address the delegation issues between users, developers, and Interwoven Rollups.

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