PROPOSAL 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