If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
The team has been doing various ways to increase the burn rate rather than issuance but the problem is more and more people grinding SLP. You can see the complete chart here
https://www.axieworld.com/en/economics/charts?chart=slpIssuancemore than 110 millions SLP already minted. that was also going to the circulating supply instantly. This will become a long term problem that will never be solved. Increasing the breeding fees was not the solution. The breeding already increased three times and it gives no impact.
breeding that has reached 3x and still no impact on SLP. but in the long term, it will have an impact. even that could be bad for SLP.
developers have to think of ways to prevent it and make it a better value in the market. although market control will not be fully implemented because adoption is also getting bigger.
but so far still safe with the trend following AXS. if left in the long run we will see something quite bad.