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