Axelar tokenomics proposal: stabilized staking rewards and fee burn
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Summarizes Axelar's proposed AXL token economics to scale to many L2s: more EVM connections, stabilized validator and staker rewards, and burning tx fees instead of distributing them.
Key claims
Proposal burns transaction fees rather than paying validators and stakers
Dozens more EVM connections planned
Staking rewards would be stabilized
馃毃 Axelar Tokenomics Proposal 馃毃
The rise of numerous L2 blockchains requires robust full-stack interoperability to maintain Ethereum's top-tier UX and developer experience.
With its highly generalizable, secure and versatile interoperability solution built on a Cosmos SDK based PoS chain, @axelarcore is well positioned to address this need.
So just recently, Axelar unveiled new $AXL token economics to support a broad expanison plan and facilitate unrestricted interoperability across all Ethereum L2 ecosystems.
Key take-aways:
馃敼 Dozens more EVM connections coming (L2, modular, etc), driving volume on the network.
馃敼 The proposal stabilizes staking rewards for validators and stakers.
馃敼 The proposal introduces a deflationary mechanism, burning transaction fees, instead of distributing them to validators and stakers.
For more information, check the below post by @axelarcore! 馃憞
twitter.com/Axl_Foundation/status/1709932589426114952
QUOTING @AxelarFDN
As Web3 scales to thousands of chains, how to preserve interoperability? Axelar Foundation proposes new AXL tokenomics to enable decentralized security + permissionless programmability across a coming L2 expansion. Please read + comment 猡碉笍 community.axelar.network/t/adj
As Web3 scales to thousands of chains, how to preserve interoperability? Axelar Foundation proposes new AXL tokenomics to enable decentralized security + permissionless programmability across a coming L2 expansion. Please read + comment 猡碉笍 community.axelar.network/t/adj