Proposal Details

Proposal #239

Passed

Proposal title

Stargaze Thirdening: Staking Supplement Funding

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

94.33%

Proposal #239 description

As we approach the next Stargaze Thirdening on January 1st, 2024, daily STARS emissions will be reduced by 1/3. This will have the following impact on the STARS token and it's inflation:

Daily emissions will drop from 730k to 487k STARS per day. This will result in a yearly inflation of 7.21% (which is lower than other major Cosmos chains like ATOM or OSMO)
The issued supply on January 1st 2024 will be 2.46B Stars, or put differently, 82.2% of the total supply will be issued.
The community pool currently holds 817M STARS, which is about 1/3 of the current supply. (POL initiatives like the Liquidity DAO, staking supplementation or a potential future fundraiser will help to downsize the bloated CP.)

Following Prop #165 - Tokenomics 2.0 6 months ago the supplement pool was funded with 18M STARS to cover for six months, this prop requests 40M STARS to be supplemented at a rate of 7.46 STARS/block which will cover 2024.

Account to be funded is the supplement pool: https://rest.stargaze-apis.com/cosmos/auth/v1beta1/module_accounts/supplement_pool

Discussion Thread: https://commonwealth.im/stargaze/discussion/14600-supplementing-stakers-for-the-emission-cut-after-the-sg-thirdening

Tokenomics Doc: https://docs.google.com/spreadsheets/d/12zFTYowqDBOlUNvfaWSvXH3mhsFKemWRuA3uqAYKpyY/edit?usp=sharing

Proposal #239 overview

Total votes

1,805

Voters

1,777

Total deposit

50,000 STARS

Proposal #239 votes

#	Validator	Options
1	Bro_n_Bro	Yes
2	Virtual Hive	Yes
3	Hathor Node	Abstain
4	Cosmostation	Yes
5	Chorus One	Yes
6	BlueStake 🚀 \| 100% insurance	Yes
7	Coinage x DAIC	Yes
8	Interbloc	No
9	Oni ⛩	Yes
10	Kalia Network	Yes
11	mahof	Yes
12	Cypher Core	Yes
13	Citadel.one	Yes
14	Empower Validator ♻️ \| 20% to plastic waste cleanups	Yes
15	Allnodes	Yes
16	GraviDAO Community with Slashing Protection	Yes
17	(Closing) Please redelegate	Yes
18	0base.vc	Yes
19	Army IDs	Yes
20	CryptoCrew Validators ✅	Abstain
21	a41	Yes
22	Oldcat	Yes
23	DSRV	Yes
24	testovich	Yes
25	PFC - Plan For Chaos	Yes
26	PUPMØS	Yes
27	PoS Node	Yes
28	Crosnest	Yes
29	Kleomedes	Abstain
30	Cosmos Spaces ☮️ 💜 ⚛️	Yes
31	Stakecito	Yes
32	Ubik Capital	Yes
33	ValiDAO	Yes
34	SHUTTING DOWN - PLEASE REDELEGATE	Yes
35	SGTstake	Yes
36	White Marlin Staking	Yes
37	Keplr	Yes
38	rektDAO	Yes
39	Encapsulate (fka KingSuper)	Yes
40	ch0pch0pNFT	Yes
41	Blackhox	Yes
42	Smart Stake 📈📊	Yes
43	StakerHouse	Yes
44	Vitwit (Previously Witval)	Yes
45	D-Stake	Yes
46	in/habitants 🌐	Yes
47	Stakewolle.com \| Auto-compound	Yes
48	StakeAngle	Yes
49	Arcpool	Yes
50	NakoTurk	Yes
51	Broxa ⚛️ - Ru-Speak Community / SUNREN 🌤️🐳	Yes
52	moonsoon	Yes
53	web34ever	Yes
54	POSTHUMAN 🧬 StakeDrop	Yes
55	Quebec	Yes
56	GATA HUB	Yes
57	EZ Staking	No
58	Imperator.co	Yes
59	alkadeta	Yes
60	dreamstaker	Yes
61	OranG3cluB	Yes
62	n1stake	Yes
63	AutoStake 🛡️ Slash Protected	Yes
64	STAKECRAFT	Yes
65	Tuzem	Yes
66	Syd	Yes
67	polkachu.com	Yes
68	UniqNodes	Yes
69	🦊 The Silver Fox	Yes
70	ushakov	Yes
71	max999	Yes
72	✪ramuchi.tech✪	Yes
73	MantiCore	Yes
74	CryptoDungeon	Yes

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