On Cosmos Hub, the proposal to reduce the minimum inflation parameter from 7% to 0% for the crypto ATOM has been rejected.
This is the proposal 868, whose voting ended today.
The quorum was 40%, and 48% voted no. Only 25% voted yes, while the others abstained.
Cosmos: zero inflation on the ATOM crypto
ATOM is the native crypto of the Cosmos ecosystem.
Currently, the minimum inflation parameter for ATOM is 7%, if at least two-thirds of the tokens are staked on the network.
The proposal 868 aimed to bring this parameter to 0%, but with its rejection the minimum inflation will remain at 7%.
This proposal was made in November, after proposal 848 was approved, which set the maximum inflation of ATOM at 10%.
Setting a maximum inflation rate was necessary to encourage staking and ensure network security, but not everyone liked the minimum inflation rate of 7%. In fact, such a minimum rate implies that, theoretically, even if 100% of the tokens were staked, the network would continue to pr
We współpracy z: https://en.cryptonomist.ch/2024/01/23/cosmos-hub-zero-inflation-for-the-atom-crypto/
