Axie Infinity: Plans to destroy 10 million SLP from the Stability Fund reserve
By:Cointime
Axie Infinity has announced updates on its March SLP Stability Fund, which shows an increase of 60,291,509 SLP in supply for March. The Stability Fund has a USDC balance of 55,000 and an SLP balance of 9,773,028, with a net destruction of 59,194,118 SLP. Axie Infinity has also announced its next plans, which include purchasing 5,000 USDC worth of SLP tokens at current prices and burning 10 million SLP from the Stability Fund reserve.
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