According to Foresight News, the Korean blockchain platform Klaytn tweeted that the Cypress network will perform Treasury Rebalance on April 17, Beijing time, and it is expected to destroy 5.29 billion KLAY and rebalance into three new funds: Klaytn Community Fund (KCF), Klaytn Foundation Fund (KFF) and Klaytn Value Creation Reserve Fund (KVC). Treasury Rebalance (KIP-103) is the technical implementation of the KGP-6 proposal.
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Klaytn's Cypress mainnet will perform a treasury rebalance on April 17, with an estimated destruction of 5.29 billion KLAY
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