According to ChainCatcher, the proposal to "destroy 20% of the total supply of SD tokens" issued by Stader Labs, a multi-chain liquidity staking platform, was passed. The first phase of the SD token economics transformation will be completed.

The proposal shows that due to concerns about the low float and high FDV of SD tokens, it is proposed to destroy 20% of its total token supply, that is, 30 million SD, reducing the total supply from 150 million to 120 million.