Astar Network has launched the "Astar Foundation Destroys 5% of ASTR Genesis Allocation" proposal, which states that the Astar Foundation is considering a major move to destroy its parallel chain auction reserves, which were originally set aside during the network's genesis deployment, 350 million tokens ASTR (~ $38 million). This major move is driven by the Polkadot Network's upcoming upgrade of Agile Coretime, which will phase out the crowdlending concept. Destroying reserves can benefit ASTR holders by reducing the total supply of staking, thereby increasing staking reward. The proposal is open for community discussion and voting will take place 3 weeks after publication.