INJ 3.0: Tokenomics Upgrade - August

Description

As part of the broader INJ 3.0 tokenomics upgrade passed by community members in Proposal #392 (https://hub.injective.network/proposal/392), the blocks_per_year inflation parameter for INJ inflation will be increased to 63,072,000. This adjustment better reflects the projected number of blocks being created per year at the current block time and effectively reduces the inflation rate of INJ.

<strong>Actions:</strong>

• By voting YES on this proposal, you agree to update the Injective chain's inflation parameters according to the above description.
• By voting NO on the proposal, you do not support updating the Injective chain's inflation parameters according to the above description.
• By voting NO WITH VETO, you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of NoWithVeto votes is greater than a third of the total votes, the proposal is rejected and the 100 INJ deposit is burned.
• By voting ABSTAIN, you wish to contribute to the quorum while formally declining to vote either for or against the proposal.

<em>Disclosure: I am a member of the Injective Labs team.</em>