Overview
- Governance proposal IIP-617 concluded on Jan. 19 after a four-day vote, clearing an on-chain update to inflation parameters.
- The framework halves dynamic annual emissions and doubles the overall supply-reduction rate to push INJ into a more deflationary phase.
- The Community BuyBack continues to repurchase and burn tokens under the revised settings rather than introducing a new buyback scheme.
- Injective cites roughly 6.85 million INJ already burned since mainnet, with net supply contraction expected to quicken after implementation.
- Immediate price moves were muted, with a brief bounce that reversed as broader crypto market conditions continued to drive trading.