Synthetix Founder Proposes 12 Suggestions to Improve Project
Kain Warwick, the founder of the Synthetix DeFi platform, has proposed twelve new suggestions in his blog to bring the project to the next level of development.
These initiatives, ranging from a 90 million SNX token buy-back and burning to offset inflation to boosting incentives for participants, stakers, and traders, are still conceptual or have been formalized into more specific plans and some have been approved by the Treasury Council.
Warwick has also suggested launching a passive staking pool to attract more users.
However, an initiative for a 300 million SNX token issuance cap to move towards a deflationary model was voted against by the community in August 2022, as the project was not yet prepared for it.