The current overall market environment is in a downturn stage, and influenced by Chain Param Voting Rounds 14 & 15, POW block rewards and POS benchmark yields have been adjusted upward, indirectly bringing inflation pressure over the past four months (from April 12 to August 10). Given the community's current concern about CFX inflation pressure, as well as related discussions and suggestions, the Conflux Foundation has decided to launch a new round of CFX destruction plans to further stabilize community confidence and strengthen ecological connections.
This vote will determine whether the plan is executed. If the vote passes, the Conflux Foundation will implement the destruction as soon as possible, and details and on-chain records will be announced after the destruction is completed.
Proposal explanation
The total amount of CFX to be destroyed in this Conflux ecological fund destruction is 76,000,000 CFX, which will cover the CFX issuance amount across the Conflux network for about four months from when the network parameter adjustment CFX output rate takes effect until the next network parameter adjustment takes effect, with POW output estimated at about 33 million CFX and POS output estimated at 43 million CFX.
In addition, the Conflux ecological fund will increase 500,000,000 CFX to participate in POS staking until the next network parameter adjustment takes effect. It is expected to reduce the annualized yield (APR) from the current 18.2% to 13.38%.
For more details, see: Conflux announces the launch of a new round of CFX destruction and staking plan
Options:
A. Agree
B. Disagree
Voting link: https://confluxhub.io/governance/vote/proposals 33
Voting deadline: May 5, 2025, around 14:00 (UTC+8)
Voting tutorial: CFX voting tutorial
Conflux DAO ecological governance explanation: https://forum.conflux.fun/t/conflux-dao-conflux-dao-ecosystem-governance/4247
