2026-01-19 17:28:08

Injective's governance milestone: the Supply Squeeze vote (IIP-617) concludes today, marking the most significant tokenomics overhaul in the project's history.

The proposal amplifies deflation through dual mechanisms—issuance reduction paired with accelerated token burns. Network fees destined for burning will spike to 8% under the new structure, creating sustained deflationary pressure on circulating supply.

Community response speaks volumes: 99.89% approval rate with 27 million INJ staked in the vote. This near-unanimous backing underscores holder confidence in the economic redesign.

For token holders, the implications are clear—a tighter supply mechanics could reshape long-term value dynamics. Whether you're a staker or trader monitoring Injective's trajectory, this governance decision warrants attention as the protocol fine-tunes its economic model.

INJ-2,93%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
7
Repost
Share

Comment

0/400

GateUser-1a2ed0b9

· 01-21 18:07

99.89% approval rate? How outrageous does a proposal have to be to reach that, or do INJ holders really believe so strongly in this deflationary design...

View OriginalReply0

GasOptimizer

· 01-20 06:44

99.89% pass rate? The data looks great, but the participation of 27 million INJ tokens... makes me curious to see the wallet distribution behind it and how centralized it is.

View OriginalReply0

GateUser-7b078580

· 01-19 17:58

99.89% approval rate? The data shows that something is definitely off; real feedback can't be so uniformly positive. Let's wait and see. Before hitting a historical low, there are always various positive signals piling up, but even if the inflation mechanism is changed, the fundamental unreasonable design can't be fixed. In hourly statistics, it's still early. An 8% token burn sounds high, but miners are taking too much, so it's ultimately pointless. I've noticed a pattern: every major governance vote is accompanied by a false surge in price, and the system that will eventually collapse can only be changed so much.

View OriginalReply0

just_another_fish

· 01-19 17:55

99.89% approval rate... How unified is that, haha? Otherwise, if you really believed this wave would go up, who would be willing to come together like this?

View OriginalReply0

MiningDisasterSurvivor

· 01-19 17:48

99.89%? I've experienced the "unanimous approval" of that batch of projects in 2018, and look what happened—nothing but chaos. The deflation mechanism sounds great, but how many can actually deliver? The true test is during a bear market.

View OriginalReply0

On-ChainDiver

· 01-19 17:48

99.89% approval rate? That's really optimistic. The 27M INJ votes resulted in this.

View OriginalReply0

MainnetDelayedAgain

· 01-19 17:44

99.89% approval rate... According to the database, this is the best time for the project team to boast. How long has it been since the last economic model adjustment promise? Feel free to add data. --- 8% burn rate sounds pretty aggressive, but I wonder how long they can stick to it. Let's wait and see, everyone. --- 27 million staked votes... Are there really that many people concerned about tokenomics, or did this hit a pain point for holders? Interesting. --- Deflation pressure always sounds so good. The art of time, let's see the data in half a year. --- 99.89% approval rate? Not gonna lie, this level of consensus makes me a bit worried. Is this true democracy or not?

View OriginalReply0