Establishing a Hard Cap on SSV Token Supply

Proposals DIP (DAO Improvement)
1

Summary of Proposal
This proposal advocates for setting a fixed maximum supply for SSV tokens to prevent unlimited inflation, which devalues holdings and undermines long-term sustainability. Currently, SSV has no hard cap, allowing indefinite minting—this must change to align with sound tokenomics and investor confidence.

Proposal Details

We propose three concrete steps to enforce responsible tokenomics:

1. Set a Fixed Maximum Supply

  • Cap Maximum SSV supply at 13 million tokens
  • This ensures no further arbitrary minting, similar to Bitcoin’s 21M cap or Ethereum’s post-merge deflationary model.

2. Lock Future Minting Rights in a DAO-Controlled Contract

  • Move remaining unminted tokens (if any) to a time-locked, multi-sig contract.
  • Require DAO approval for any future minting (e.g., for staking rewards or ecosystem grants).

3. Implement a Deflationary Mechanism

  • Introduce token burns via:
    • A % of protocol revenue (e.g., 5-10% of fees).
    • Unused treasury funds (e.g., excess reserves).

Non-Technical ELI5

Right now, SSV can print unlimited tokens, which makes each token worth less over time (like printing too much money). This proposal locks the total supply at 13M SSV forever, so no one can create more out of thin air. It also burns extra tokens to keep SSV scarce and valuable.

Motivation for Proposing

  • Unlimited inflation harms long-term holders by diluting their stake.
  • Inflation of SSV hurts coin holders too deeply.

Reasons Supporting the Proposal

:white_check_mark: Prevents devaluation – No more surprise inflation.
:white_check_mark: Boosts investor confidence – Predictable supply = stronger price floor.
:white_check_mark: Aligns with crypto best practices – BTC, and top altcoins use hard caps.
:white_check_mark: Encourages responsible governance – DAO, not a small group, controls future supply.

Poll

Should SSV implement a hard cap of 13M tokens and burn supply?

  • Yes – No more inflation; protect holders.
  • No – Keep unlimited minting options.
  • Abstain – Need more discussion.

Next Steps

If passed, this proposal will proceed to on-chain voting, with a 30-day discussion period for adjustments.

Let’s make SSV scarce, valuable, and community-controlled! :fire: