Prop 70: Automated $MNTL Halving Proposal #1

Overview

This is the first of two automated proposals aimed at adjusting the $MNTL inflation rate as we reach a significant milestone in our tokeneconomic journey. As outlined in our Mantle Tokenomics, this proposal is triggered by the achievement of a predetermined emission target.

Proposal Trigger

The trigger for this automated proposal is the $MNTL supply reaching a total of 1,344,506,577, marking the planned two-year emission amount.

Proposal Details

• Objective: To halve the current inflation rate and set a new target inflation rate of 37.5%.
• Rationale: This adjustment is in direct response to our tokeneconomic model, designed to ensure the long-term sustainability and stability of the $MNTL ecosystem by carefully managing token supply and incentivizing network participation.
• Implementation: Upon successful approval of this proposal, the inflation rate will be adjusted to the target value of 37.5%.

Next Steps

Following this proposal, a second automated proposal will be submitted to establish a new inflation range, setting the minimum inflation rate to 32.5% and the maximum to 42.5%.

Voting

This proposal will be open for voting for 7 days. If the proposal is approved by a majority of votes, the inflation rate will be adjusted accordingly. If the proposal is rejected, the inflation rate will remain unchanged. NOTE: Both proposal #1 and #2 must be approved for the inflation rate to be adjusted in accordance with the tokeneconomic model.