On August 11, 【Block Rhythm】 ListaDao recently proposed the LIP 021 proposal, planning to permanently destroy 20% of the max supply of LISTA tokens (about 200 million), reducing the max supply from 1 billion to 800 million to achieve a stronger deflationary effect and enhance the stability of token value.

At the same time, the proposal suggests canceling the current fixed mechanism of using 40% of the weekly income from the protocol for token buybacks and freezing, and instead flexibly allocating this portion of income to reward users holding veLISTA and support the operation and ecological construction of the DAO. The distribution of the remaining 60% of the income remains unchanged.

The ListaDao team stated that this move will effectively control inflation risks, release more funds to promote ecological development, and enhance the market and community's confidence in the long-term value of the protocol. Once the proposal is approved, it will be implemented immediately and the relevant tokens will be updated synchronously.