The Venice team has introduced two important changes to the ecosystem— a new software burning mechanism called VVV and an increase in the target supply of DIEM.
Now, with each purchase of API credits through Venice, 5% ($5 for every $100) will automatically be allocated to buy VVV from the open market and subsequently burned.
Previously, a similar mechanism was already in place for Pro, Pro+, and Max subscriptions; now, the deflationary model extends to API users as well. All transactions will be displayed as a separate line on the burning statistics page.
Additionally, the target supply of DIEM will increase from 38,000 to 40,000 tokens.
Each 1 DIEM backed by staked VVV still provides $1 in AI API credits daily. Its functionality remains unchanged—the update affects only the maximum possible emission volume.