Synthetix’s founder proposes capping token supply at 300 million

The founder of the popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of its native SNX tokens to a fixed 300 million as the protocol gains revenue from newer products.

If passed, the proposal will affect the annual yield (APY) of SNX stakers. Synthetix will only earn revenue through transaction fees and distribute this money to SNX holders.