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Proposal Details

Proposal #287

Passed

Proposal title

The 9% Temporary Inflation Proposal and Adjusting Blocks per Year

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

79.33%

Proposal #287 description

Following extensive discussions with relevant entities in the Secret Network community, we are revisiting the proposal to adjust the inflation rate.

The plan is to temporarily reduce the on-chain inflation to 9%.

For this, the InflationMax parameter will be set to 9%.

This measure will be in place until SCRTLabs performs a more thorough research for an updated tokenomics model for Secret Network (announced as part of the Q1 roadmap), which will include more variables and additional modeling.

Also, the BlocksPerYear parameter has to be routinely adjusted as the average block time. Exactly one year has passed between the blocks 6,317,200 and a recent block at 11,752,974, so SCRTLabs suggests using 5,435,774 as the BlocksPerYear parameter.

The InflationMin parameter remains at 7% and will not be changed by this proposal.

The forum post can be found here: https://forum.scrt.network/t/proposal-temporary-change-inflation-to-9/7128

Places this has also been discussed:

  1. https://forum.scrt.network/t/governance-meeting-notes-mega-thread/3946/131

  2. https://forum.scrt.network/t/governance-meeting-notes-mega-thread/3946/126

  3. https://t.me/SCRT_gov

Proposal #287 overview

Total votes
3,062
Voters
3,025
Total deposit
1,000 SCRT

Proposal #287 votes

#

Validator

Account Address

Options
1crosnestYes
2Citadel.oneAbstain
3Stakewolle.com | Auto-compoundYes
4Quiet monkey mindYes
5Node.MonsterYes
6Secret ExpressYes
7SecretAlfYes
8Chorus OneYes
9โœ… CryptoCrew Validators #IBCgangYes
10CosmosPugYes
11๐Ÿ…ฒ๐Ÿ…พ๐Ÿ†† ๐Ÿ…ป๐Ÿ…ด๐Ÿ†…๐Ÿ…ด๐Ÿ…ป ๐Ÿฎ | secretanalytics.xyzYes
12Mr. Roboto ๐Ÿค–'s SecretYes
13KeplrYes
14Chilly Waifu Validation (Chill Validation)Yes
1501nodeYes
16Coinage x DAICYes
17FreshSTAKINGYes
18SerGoYes
19secretSauce ๐ŸฏAbstain
20AARTYes
21StarShellAbstain
22๐ŸŒ‘ Secret Jupiter | 2% foreverYes
23WhisperNode ๐ŸคYes
24Stakely.ioYes
25Mario | #capYes
26AlterYes
27Lavender.Five Nodes ๐ŸYes
28AutoStake ๐Ÿ›ก๏ธ Slash ProtectedAbstain
29B-HarvestYes
30Fina.cashYes
31secretchaingirlYes
32XavierCapitalYes
33POSTHUMAN ๊ DVSYes
34๐•ŠhadowRealm๐Ÿฅท๐ŸผYes
35๐ŸŽ…1% Fee and Free on Xmas | Secret SantaYes
36AgoraNodesYes
37w3coinsYes
38securesecrets.orgYes
39HighStakes.ch | Stake for AirdropYes
40ObiYes
41๐ŸŒฑ ActiList.io DAppYes
420% Fee to 2025 | Secret KeeperYes
43ELYSIUMYes
44Trivium | Trivium.NetworkYes
45๐Ÿช ๐•Šecret ๐•Šaturn | 1% foreverYes

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