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There is a hard cap of 1b in place currently but the aim (from talking with many people) is to set it much lower and enter a deflationary state. Team does not make these decisions, stakeholders do.

Justin | infinitybloc | Telos Foundation
There is a hard cap of 1b in place currently but t...

l1 need to be inflationary, if not how do you reward stakers and validators if circulating reach 100%

100plus
l1 need to be inflationary, if not how do you rewa...

yes, it does for now. longer term aim is to offset the inflation with deflation

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