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Initia adjusted the annual inflation rate from 5% of the total supply to 5% of the stake supply, with INT rising 16.33% in 24 hours.
PANews July 3 news, Jessie Park, developer relations engineer at Initia, stated that Initia has amended the staking inflation parameters through proposal 42, adjusting the annual inflation rate from 5% of the total supply to 5% of the staked supply, in order to align with the original economic model design. During this adjustment period, approximately 23.35 million USDC-INIT liquidity has been unlocked and reallocated to platforms such as Cabal, Echelon, and MilkyWay. In addition, according to Binance market data, INT has increased by 16.33% in the last 24 hours, currently quoted at 0.473 USD. According to previous news, Initia: 93% of the airdropped tokens have been claimed, and currently about 3.4 million INIT are pending claim.