Conflux Foundation Has Completed a New Round of CFX Burning and Staking
According to the previously approved community voting Conflux DAO #14, Conflux Foundation completed a new round of CFX burning and staking operations on May 7, 2025. Details are as follows:
1. 76,000,000 CFX Burned
The Conflux Foundation has permanently burned 76,000,000 CFX by transferring the tokens from the Ecosystem Fund to the zero address: cfx:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa0sfbnjm2
Hash: 0x91c09ce3fb6b078f551e22297017eaff1fd354e1aff423f610c1e05cd89fcada
2. 500,000,000 CFX Staked
The Conflux Foundation unlocked 500,000,000 CFX from the ecosystem fund on May 7, 2025, to the following address: cfx:aapjva9ghfp0scg5g31519bpt2nuwzdbhpem483ux6 and has completed staking.
Hash: 0x7f043411671dd0ff2a220091ef6a3aaa37de2342eae3e0600dd76a3e3164e236
With the increased PoS staking amount, the annual percentage rate (APR) has decreased from 18.2% to 13.9%. This staking will remain in effect until the next network parameter update takes place (Chain Param Voting Round 16).
The staking will generate about 5,575,000 CFX in rewards per month. These rewards will be locked for at least two years, after which the Foundation will open discussions and publicly announce the subsequent plan: either to burn the rewards or allocate them to enhance Conflux Ecosystem Fund reserve.
Thank you for your continued support!
Conflux Team
May 8, 2025