3 reactions
say they will not stand for tttwpaCosmos pop #848 passes, reducing inflation by half. Community split.
Big changes to Cosmos https://preview.redd.it/mh4i9l0dxk2c1.jpg?width=1500&format=pjpg&auto=webp&s=340b67f48012ebce59386d4e4a3c2ffd2b542d15
After weeks of heated debate and bated breath, proposal ssed https://twitter.com/cosmoshub/status/1728519681236177234?s=46&t=OPhqEm3Ze5GLrx5uIE67mw ith a narrow margin. This reduces the inflation rate from 20% to 10%. With a 70.9% urnout, this is the highest turnout in Cosmos Hub history.
79.9% urnout for 848. https://preview.redd.it/86sblr9rxk2c1.jpg?width=960&format=pjpg&auto=webp&s=2f15ff5a73fe183d5a28bed8177d782161f3a5e3
There’s already talk of forking the chain as big whales and co-founder Jae Kwon https://x.com/jaekwon/status/1728531795472527416?s=46&his.
​
Jae Kwon is not happy. https://preview.redd.it/p4fvirr4yk2c1.png?width=579&format=png&auto=webp&s=e8260122f74780c040ce9ada026cc2dcff5e0c14
Summary of Proposal 848:
\-This proposal seeks to reduce the ATOM inflation rate from \~14% to 10%, which would bring its Staking APR from \~19% to \~13.4%.
\-This will be the first of three proposals being voted on to reduce inflation, provide better incentives for staking, and improve security of the network.
\-Research conducted by Blockworks Research found that ATOM is overpaying for security and transitioning to a set supply schedule was suggested.
\-Nearly all 180 validators are break-even or profitable at 10% max inflation off of commission alone, and validators have the option to increase their commission rate to help cover operational expenses.
#cryptocurrency
amp;t=OPhqEm3Ze5GLrx5uIE67mw
#848
Big changes to Cosmos https://preview.redd.it/mh4i9l0dxk2c1.jpg?width=1500&format=pjpg&auto=webp&s=340b67f48012ebce59386d4e4a3c2ffd2b542d15
After weeks of heated debate and bated breath, proposal ssed https://twitter.com/cosmoshub/status/1728519681236177234?s=46&t=OPhqEm3Ze5GLrx5uIE67mw ith a narrow margin. This reduces the inflation rate from 20% to 10%. With a 70.9% urnout, this is the highest turnout in Cosmos Hub history.
79.9% urnout for 848. https://preview.redd.it/86sblr9rxk2c1.jpg?width=960&format=pjpg&auto=webp&s=2f15ff5a73fe183d5a28bed8177d782161f3a5e3
There’s already talk of forking the chain as big whales and co-founder Jae Kwon https://x.com/jaekwon/status/1728531795472527416?s=46&his.
​
Jae Kwon is not happy. https://preview.redd.it/p4fvirr4yk2c1.png?width=579&format=png&auto=webp&s=e8260122f74780c040ce9ada026cc2dcff5e0c14
Summary of Proposal 848:
\-This proposal seeks to reduce the ATOM inflation rate from \~14% to 10%, which would bring its Staking APR from \~19% to \~13.4%.
\-This will be the first of three proposals being voted on to reduce inflation, provide better incentives for staking, and improve security of the network.
\-Research conducted by Blockworks Research found that ATOM is overpaying for security and transitioning to a set supply schedule was suggested.
\-Nearly all 180 validators are break-even or profitable at 10% max inflation off of commission alone, and validators have the option to increase their commission rate to help cover operational expenses.
#cryptocurrency
amp;t=OPhqEm3Ze5GLrx5uIE67mw
#848
| 38,000 mlx | |
| 35 | |
| 3 |