Gravity Bridge

Infrastructure

Proposal Details

Proposal #107

Passed

Proposal title

Reduce Inflation

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

60.06%

Proposal #107 description

This proposal if passed would cut new GRAV issuance in half by modifying the maximum inflation rate parameter in the mint module from 20% to 7% and the minimum inflation rate from 7% to 4%. Changes to inflation would execute immediately, reducing the current inflation from 14% to 7% on the block it passes. Thereafter inflation will continue reducing at a rate of 0.258% per month reaching 4% in about a year provided no major unbondings reduce the percentage stake below the target value.

Proposal #107 overview

Total votes
989
Voters
979
Total deposit
10,000 GRAV