In March, there was more SLP emitted than usual as a result of the Axie Classic SLP Chest experiment. However, annualized deflation remained positive at 0.5% due to various SLP burn mechanisms including Runes and Charms Crafting, Metamorph and Breeding.
Final Stats for March š ć»Net SLP Burnt: -2,317,386 ć»SLP On-Chain: 41.1B ć»Annualized Deflation: 0.5%
Actions Taken āļø ć»According to the latest policy, no actions were necessary.
Stability Fund Holdings ć»SLP: 9,773,028 ć»USDC: 55,000
Earlier this month, we announced our plans to migrate Axie accessories from the ERC-721 smart contract to a new ERC-1155 smart contract.
Why? To lay the groundwork for more frequent accessory drops with more customization options.
Today, that migration is complete!
That means all ERC-721 accessory holders should have received one equivalent ERC-1155 accessory for every accessory they were holding.
It also means everyone ā including those who had eligible accessories according to the previous snapshot ā can now trade and equip their ERC-1155 accessories on App.axie.
All deprecated ERC-721 accessories will still be visible in your Ronin Wallet, but you wonāt be able to trade or equip them.
Note: we unequipped all accessories during the migration. That means you may have to re-equip yours.