According to Foresight News, Celo announced that the Celo halving has been officially completed. After the community unanimously passed and executed the CGP-169 proposal, the hard supply cap for CELO tokens in Celo's new token economic model is 1 billion, and the inflation rate will be reduced from 2% to around 1%. This update also includes adjustments to the validator reward mechanism and staking mechanism, with fee allocation modified to allocate 10% (-10%) to carbon compensation and 90% (+10%) to network operations.