DebtDAO to Burn $18M $FUD

Crypto exchange Huobi released an announcement about DebtDAO's adoption of the $FUD (FTX Users' Debt) destruction proposal. DebtDAO announced that it has decided to destroy 18 million $FUD, decreasing the total supply of $FUD from 20 million to 2 million and changing from the initial 1 $FUD=$1 equivalent claim to 1 $FUD=$10 equivalent claim with an additional early bird airdrop value.

The on-chain destruction will take place today. Huobi said it will support DebtDAO's proposal to destroy $FUD and synchronize the latest data after DebtDAO's destruction.