Changes to Inflation Rate and Community Fee
passed
Expected result
—
Turnout / Quorum
9.48% / 33.40%
100.00%
13 655 488 SCRT
Yes
0%
0 SCRT
No
0%
0 SCRT
Veto
0%
0 SCRT
Abstain
Details
Proposer
-
Total deposit
1 001 SCRT
Submit time
2020.07.07 at 11:07:18
Deposit end time
2020.07.14 at 11:07:18
Description
Following significant discussions across different channels, this proposal suggests to update the network's inflation parameters and the community fee. It also signals a recommendation for a unique fee dedicated to sustaining the Secret Foundation.
Proposed changes are:
- Inflation Rate: Change to 7%-15%. In practice, this will lead to 15% inflation currently.
- Community Fee: Change to 2%.
- Foundation Fee: A new concept we recommend the network should adopt.
The full proposal, its description, rationale, and links to some of the off-chain discussions can be found here: https://ipfs.io/ipfs/Qmf6UYsrTx6CzfGeqMzDJAd3pMitNf1efE8ia9HpcJA7TB
Votes
Voter
Answer