Increase Community Pool Tax Rate

Summary

Following the lead from Cosmos and Juno who are now currently voting to increase their community pool tax from 2% to 10%, we believe it's a good opportunity and time to do the same with Akash.

Background

Many of the projects that people are using to interact with and grow the network were funded by the community pool (Cloudmos, Praetor, Moultrie Audits, Terraform Provider, etc) and if we want to continue funding these efforts and ensure that the Akash Network stays in the race to compete for the decentralized cloud computing industry, we need to allocate a better portion of the inflation to the community pool. We strongly believe this will benefit the community as a whole in the long run.

Right now the community pool sits at around 1.25M AKT or ~262k USD (.21$ AKT) at the time of writing the proposal. AKT has a market cap of ~41.8M so the community pool is only 0.6%, which is not a lot compared to the other projects. (see cosmos proposal)

How will this affect staking rewards?

With every block, staking rewards are minted. A percentage of those rewards are diverted to the community pool and then the rest to the stakers. Increasing the tax rate from 2% to 10% will decrease the rewards that stakers will receive by around 8% (from roughly ~13.78% right now to ~12.68%)

The premise here is that the value generated by a strong community pool, public good funding and ecosystem development will vastly exceed the yearly single digit % loss in rewards by stakers.

Voting:

• By voting YES, you agree that the community pool tax rate should be changed to 10%.
• By voting NO, you disagree that the community pool tax rate should be changed to 10%.
• By voting ABSTAIN, you express no opinion on the matter.
• A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to the Akash Network, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by the Akash Network governance