Golden Finance reported that Astar Network initiated the "Astar Foundation destroys 5% of ASTR Genesis Allocation" proposal. The proposal stated that the Astar Foundation is considering taking a major step to destroy its parachain auction reserves, which were originally reserved during the network's Genesis deployment, 350 million tokens ASTR (about 38 million US dollars). This major move is driven by the upcoming upgrade of the Polkadot network, Agile Coretime, which will gradually phase out the crowd lending concept. Destroying reserves can benefit ASTR holders by reducing the total supply of stakes, thereby increasing staker rewards. The proposal is open for community discussion and voting will take place 3 weeks after the release.