Kyve Network

Data lake

Proposal Details

Proposal #2

Passed

Proposal title

Parameter Change: Enabling Inflation

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.97%

Proposal #2 description

Parameter Change: Enabling Inflation

PROPOSER: The KYVE Foundation ([email protected])

Currently, inflation has been disabled on the KYVE network while we rolled out our Foundation Delegation Program. This proposal, if passed, will enable inflation to be set to our default parameters, aiming to reach an APY of 20%.

Voting Options

Voting YES

  • A YES vote on this proposal indicates inflation SHOULD be enabled.

Voting NO

  • A NO vote on this proposal indicates inflation SHOULD NOT be enabled.

Voting NO WITH VETO

  • A NO WITH VETO vote on this proposal indicates inflation SHOULD NOT be enabled; and that the proposal depositors should be penalized.

Voting ABSTAIN

  • An ABSTAIN vote on this proposal indicates that you decline to give a specific opinion on this proposal while maintaining active governance participation.

Proposal Details

As described in our Mainnet Day 0 Roadmap Announcement, in order to properly roll out our Foundation Delegation Program, we needed to disable certain features on network launch. This proposal aims to bring the KYVE network to its true state.

To add proper incentivization on the network, it's crucial to find a balance between the APY and inflation, to reward participants correctly while not devaluing the token over time.

The default parameters:

InflationMin
7% and
InflationMax
10%, were calculated considering the staking ratio at genesis. The goal is to reach an APY of 20%, a reference value influenced by other Cosmos networks.

Proposal #2 overview

Total votes
1,189
Voters
985
Total deposit
25,000 KYVE

Proposal #2 votes

#

Validator

Account Address

Options
1navsYes
2MirsAbstain
3RuValidatorYes
4ChainOpsYes
5kallenYes
6Sr20de. Please, redelegate. Validator will be disabled on August 10thYes
7ShvakinNodeYes
8SeeYouLaterYes
9USUCHYes
10IN_OTHER_LIFEYes
11cryptechYes
12X-MenYes
13COSMØSTAKEYes
14Craving_for_Knowledge | reStake enabledYes
15Decloud Nodes LabYes
16Validatrium.comYes
17BimaSakti_ValidatorYes
18ColinkaYes
19CosmostationYes
20POSTHUMAN 🧬 StakeDropYes
21ShoniYes
22cyberGYes
23ErkanDYes
24DOUBLETOPYes
25cms-rareYes
26A-gamingYes
27SUDO_workplaceYes
28SudoNo With Veto
29EZ StakingYes
30gladiknodeYes
31MunrisYes
32Node GuardiansYes
33SUDONo
34MMSYes
35SOLID POINTYes
36cyberomanovYes
37AstraNodesYes
38AlchemistYes
39JahaYes
40HoodRunYes
41ProvalidatorYes
42Nodes.GuruYes
43a41Yes
44PleaseUndelegateYes
45MytsaiYes
46ZKVYes
47CrosnestYes
48bitsznYes
49JARVANESYes
50LOA LabsYes
51MadnessNo
52bitdealer91Yes
53Iso_dayIYes
54KolotYes
55offYes
56Pro-Nodes75Yes
57Permanent VenturesYes
58starnodesYes
59DozorkenigYes
60MeowboredYes
61π‹πžπ­'𝐬 𝐍𝐨𝐝𝐞 & 𝐔𝐓𝐒𝐀Yes
62shlifstakeYes
63Mitchell VenturesYes
64MCB | mcbnodeYes
65CT_ValidatorYes
66TukuDev BorrYes
67TukuDev FreyjaYes
68Permanent Ventures 2Yes
69Finoa Consensus ServicesYes
70IONode VietnamYes
71R1MYes
72YeksinYes
73πŸ”₯STAVRπŸ”₯ REStake ONβœ…Yes
74Chorus OneYes
75LefeyYes
76bulevarYes
77DSRVYes
78cagieYes
79CroutonDigitalYes
80ECO Stake 🌱Yes
81MantiCoreYes
82mrjw777Yes
83Inter Blockchain ServicesYes
84nodemeisterYes
85Injective LabsYes
86Imperator.coYes
87EnigmaYes

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