Overview
- The four-day vote concluded on Jan. 19 with 99.89% approval, clearing an update to INJ inflation parameters.
- The change shifts INJ into a deeper deflationary phase by reducing future issuance to accelerate net supply contraction.
- Injective has burned about 6.85 million INJ since mainnet launch, with the new framework reinforcing that long-term reduction.
- The proposal, filed as IIP-617, follows earlier tokenomic tweaks such as IIP-392 and halving-linked adjustments, and Foundation members disclosed participation.
- No new buyback program was introduced, as the update relies on existing burns and the Community BuyBack while market reaction remained muted with an initial uptick that reversed and recent trading near $4.73.