Synthetix Founder Proposes to Cap Total Supply of $SNX at 300M

Kain Warwick, the founder of Synthetix, raised proposal SIP-276, proposing to fix the total supply of $SNX at 300m and end inflation when the total supply reaches the cap. Currently, the total supply of $SNX is more than 293m, and inflation will run for a further ten fee periods. The proposal also suggests elevating the token supply to metagovernance status, meaning that any future changes to the token supply will require a unanimous vote by the Spartan Council.