Injective Proposal: #443

INJ 3.0 Inflation Parameters Update 24Q3

Status:
Passed

Voting ended on:  

Yes81.2%

Turnout:67.36%

Quorum:33.40%

Yes: 81.2%

33,270,276 INJ

No: 0%

884 INJ

No With Veto: 0%

106 INJ

Abstain: 18.8%

7,703,804 INJ

Voting Period

  -  

Proposer

inj1adpadycvjcxudy3upwrw6kgf2csh536xrhj7pg

Deposit End

Submit Time

Description

<strong>Introduction</strong> As part of the broader INJ 3.0 tokenomics upgrade passed by community members in Injective Improvement Proposal-392 (IIP-392) to make INJ more deflationary, the lower and upper bounds of the INJ token supply parameters (inflation_min and inflation_max) will be decreased to 4.75% and 9.25% respectively, if this proposal passes. Timed with the Bitcoin halving, the INJ 3.0 governance proposal aimed to decrease the supply of INJ over the next two years, with accelerated rates of deflation based on the ratio of staked INJ on-chain. The specific token supply rate change parameter ensures that Injective remains adaptive and resilient. With this latest proposal, Injective aims to continue its trajectory of growth and innovation, ensuring that INJ remains at the forefront of Web3 finance.<strong>Actions:</strong>

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