July $SLP Stability Fund Update
Another SLP Burning Mechanism added was META MORPH in August 🚀🚀🚀
In July, the Epic, Mystic, and Final Eras of Origins Season 9 significantly contributed to SLP burning due to the crafting of Runes and Charms. SLP stats for July.
Final Stats for July 📊
・Net SLP Burnt: 24,128,881
・SLP On-Chain: 41.33 billion
・Annualized Deflation: 0.69%
Stability Fund Holdings:
・SLP: 9,773,028
・USDC: 55,000
The balancing of SLP emissions through Origins Season 9 was effective. It, along with R/C crafting, stabilized SLP in July. The July deflation rate was 0.69%, down from June. But making progress toward our 2% deflation target for SLP.
Let’s look forward to the stats in August, where they have launched another SLP burning mechanism in Meta Morph.
