@khaleelkazi's thread

khaleelkazi
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@khaleelkazi
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The LEO 2.0 changes continue to take place

We just burned the excess 20M LEO that was on arbitrum (originally, the max supply was set to 50M).

The Arbitrum LEO supply is now 30M. This is the most accurate supply of LEO.

If any LEO is burned on other chains (for example, heLEO), it is non-recoverable on Arbitrum.

The Arbitrum LEO supply will be regularly rebalanced to reflect the burns on other chains. So if you check the supply on heLEO and it's less than 30M, you can check the Arbitrum LEO supply at future points and see it will match (and vice versa if LEO is burned on Arbitrum)

Remember: LEO is fungible between LEO and heLEO. If you burn it on 1, it can never be bridged back to the other

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