Initia will more than double the supply of Initia VIP

According to Techub News, Initia will more than double the supply of Initia VIP. Initia VIP is focused on supporting those who actively use Interwoven Rollups day in and day out and become members of the Multichain Garden of Eden. Traditionally, L1s have focused on paying inflationary rewards to stakers to incentivize them to keep the blockchain secure. If the staking rewards are too high to begin with, the blockchain encourages them to hoard tokens instead of actively using the blockchain. Emissions are a powerful tool that should be guided and designed with economic growth in mind, ultimately ensuring that the benefits created by this productivity are shared by the real actors who make Initia more productive.

As a result, Initia has decided to more than double the total emissions allocated to Initia VIP. VIPs programmatically control the distribution of INIT, and INIT rewards are allocated to Interwoven Rollups based on two factors: INIT activity in the Rollup and collective voting by INIT and Enshrined Liquidity stakers. By allowing early investors (VCs and investors who own 15% of the INIT supply) to stake their tokens, Initia can redirect nearly 15% of the total INIT supply to Initia VIP to distribute more tokens to active users.