PANews reported on May 31st that the proposal to burn 20% of the total supply of SD tokens released by Stader Labs, a multi-chain liquidity staking platform, has been approved. The first phase of the transformation of SD tokenomics will be completed. The proposal shows that due to concerns about the low float and high FDV of SD tokens, it is proposed to burn 20% of the total token supply, i.e. 30 million SD, reducing the total supply from 150 million to 120 million.