We support lowering commission structure as it is in line with the Akash whitepaper/ initial tokenomic model. Additionally, we believe it'd be beneficial to do this prior to main net 3 launch, and before the dynamic decay curve (for dynamic inflation) update is complete.
Overview
Our second inflation update was submitted on 7/2/2021 and went live on 7/16/2021, which set max inflation to 40%, minimum inflation to 25%, and inflation rate of change to 100%. This resulted in a decrease of actual inflation down to 33.94% as of 12/13/2021. We are, however, trending over our projected supply by 10mm AKT or 6.2%. With the dynamic inflation function ready for our next testnet in early 2022, we are submitting one more proposal in 2022 to lower inflation and track more closely against our originally modeled supply between now and the implementation of mainnet 3, which will feature the dynamic inflation function. The dynamic inflation function that will be introduced in mainnet 3 will ensure that future inflation adjustments will not require additional governance proposals. Late Q2 2022 is the estimated go live time frame for mainnet 3.
Proposal of Changes
For our third proposal for inflation change (prior to testnet 3), we are proposing the following changes:
*Inflation Max: from 40% to 25%
*Inflation Min: from 25% to 15%
These parameter changes are expected to take place in mid-late January.
