Cronos Proposes Burning All Product Revenue Into CRO, Funds Staking With 70B Token Reserve

Cronos has proposed a new governance proposal titled 'Revenue-Backed CRO' which aims to burn all revenue from its products Ult and Cronos Launch into CRO, eliminating funding for staking yields. The proposal sets out three stages with no discretion: revenue reaches the contract, it is converted to CRO through an on-chain swap, and the purchased CRO leaves supply. Burns are scheduled monthly, with every transaction hash published.

The Strategic Reserve, created after a contentious 2025 re-issuance vote, will fund staking yields. The reserve holds 70 billion tokens that were un-burned last year. However, the proposal does not specify revenue figures for either product or projected burn amounts, leaving uncertainty about its effectiveness and yield sustainability.

The proposal has sparked concerns among stakeholders due to the lack of transparency around revenue forecasts and reserve drawdown limits. The vote is live as Proposal #37, with voting closing October 3, 2026, at 02:02 UTC.