SNX’s issuance rate began as highly inflationary in 2019 to bootstrap staking participation and network liquidity, starting with 1.44 million SNX minted weekly and halving every 52 weeks over a 5 year period. The schedule was later replaced with a smoother weekly decay model, reducing emissions by about 1.25% per week after late 2019. By 2023, inflation had declined to around 2.5% annually, with plans for a long-term “terminal” rate at that level to maintain modest supply growth. However, in December 2023, SIP-2043 ended inflation entirely, capping total supply at approximately 340 million SNX and reducing issuance to zero.
SNX’s issuance rate began as highly inflationary in 2019 to bootstrap staking participation and network liquidity, starting with 1.44 million SNX minted weekly and halving every 52 weeks over a 5 year period. The schedule was later replaced with a smoother weekly decay model, reducing emissions by about 1.25% per week after late 2019. By 2023, inflation had declined to around 2.5% annually, with plans for a long-term “terminal” rate at that level to maintain modest supply growth. However, in December 2023, SIP-2043 ended inflation entirely, capping total supply at approximately 340 million SNX and reducing issuance to zero.
