assetmantle

Prop 71: Automated $MNTL Halving Proposal #2

Overview

This is the second of two automated proposals aimed at adjusting the $MNTL inflation rate as we reach a significant milestone in our token-economic 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 inflation range to 32.5% to 42.5%.
  • Rationale: This adjustment is in direct response to our token-economic 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 minimum inflation rate will be capped to 32.5% and the maximum inflation rate will be capped 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 token-economic model.

Proposal Parameters

  • InflationMax: 42.5%
  • InflationMin: 32.5%

Proposal Deposit

The deposit required to submit this proposal is 50,000 $MNTL.