Abstract

In response to the success of reaching and surpassing our initial target staking ratio of 30%, and in anticipation of the ongoing development of the Cronos POS chain - To ensure a reasonable and competitive incentive for staking delegation, thereby enhancing the network's security, we propose updating the following network parameters as follows:

• goal_bonded from 0.3 to: 0.60
• inflation_max from 0.025 to: 0.037
• Inflation_rate_change from 0.006 to: 0.1 These proposed changes are intended to create a more substantial incentive for delegators to stake and demonstrate their commitment to the network. Along with an objective to encourage a higher staking ratio, contributing to a more secure network.

Technical details

Please kindly visit the initial proposal for technical details, analysis and discussions.

Governance Votes

The following items summarize the voting options and what it means for this proposal. YES: You approve of the proposal on the changes to the proposed changes to the parameters to create more substantial incentive for delegators to stake, along with an objective to encourage a higher staking ratio, contributing to a more secure network. NO: You disapprove of the proposal in its current form. Feel free to give feedback and suggestions on how to improve the proposal. NO (VETO): You veto the entire motivation for the proposal, and are strongly opposed to its implementation. ABSTAIN: You are impartial to the outcome of the proposal. If the quorum is not met or less than 1/3 of participating voting power has voted No, the proposal fails and is considered to be vetoed. In this case, the proposal deposit is burned rather than being returned to respective depositors.