Proposal Details
Proposal #239
Proposal title
Stargaze Thirdening: Staking Supplement Funding
Submit time
Deposit end time
Voting start time
Voting end time
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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