Implementing End of Emissions, Token Buyback & Burn, Closure of TGP
Following approval of the ALEX governance proposal, the next steps are as follows:
🔸 End of Emissions
Farming and staking rewards will conclude at Cycle #409, 32 cycles from the current Cycle #377. After this point, no new
$ALEX will be issued.
🔸 TGP Wind-Down
A final 30-day grace period for remaining TGP 2024 claims will run from June 1 to July 1. After this period, TGP 2024 will formally close. TGP 2025 obligations have already been fully discharged.
🔸 Buyback & Burn
Approximately 1.49M STX remains unclaimed in the TGP treasury, subject to reduction as additional claims are made during the grace period. Following TGP closure, these funds, together with future protocol revenue after essential operating expenses, will be used to buy back and burn
$ALEX at market prices.
This marks ALEX’s transition from an inflationary token model to a deflationary one.