Inflation
7 Posts
OpenGovInflation Simulation
The new inflation parameters approved by the Polkadot community are now running on the Westend testnet. So far, everything is performing as expected, with a gradual decrease in inflation and fixed treasury income. A root referendum to implement the changes will be initiated as soon as the Polkadot Fellows have finished their checks.
The Community Has Decided
With the passing of Referendum 1139, the Polkadot community has indicated a sentiment for reducing inflation to 8%, decreasing linearly over time. Jonas Gehrlein (Web3 Foundation) has indicated that he will initiate a Root referendum to implement the changes after the enactment of runtime 1.3.3.
Why Not a Little Lower?
A fourth proposal for adjusting inflation parameters has been submitted on the OpenGov Wish for Change track. A user by the name of Dobby proposes an inflation rate of 5% rate, with a constant 15% of inflation going to the treasury. Dobby appears to be waiting for a generous donor to place the 20,000 DOT decision deposit.
Three Wishes from a Genie in a DOTtle
Jonas Gehrlein (Web 3 Foundation) has initiated three concurrent referenda on the OpenGov Wish for Change track, with the intention of forming a consensus on Polkadot inflation parameters. Referendum 1137 proposes maintaining a 10% rate, with a constant 15% of inflation going to the treasury. Referendum 1138 proposes an 8% rate, with a constant 15% of inflation going to the treasury. Referendum 1139 proposes linear inflation at a fixed number of tokens (potentially 8% of the current supply), and 15% of inflation going to the treasury. This would result in the rate of inflation lowering over time.
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