Prop 89: Reduce ELYS Inflation to Zero

This proposal aims to reduce ELYS inflation to zero, as outlined in the latest communication shared with the community. With the second and final snapshot now completed and the upcoming shutdown of the Elys Network chain, no additional tokens will be distributed during the transition. Inflation is therefore no longer required and should be halted immediately.

Rationale As we prepare for the migration, halting inflation ensures a clean transition for all users. Since new tokens issued from this point forward would not be counted, continuing inflation would only create unnecessary dilution without any benefit to the community.

Sunset Plan Overview Reducing inflation is the first step in the structured wind-down of the Elys Network chain. The complete plan is as follows:

1. Phase 1 (Current):
   • Set inflation to zero. * Request all users to remove liquidity and close their positions (Leverage LP and Perpetual).
2. Phase 2:
   • Deploy the ADL module to automatically close remaining positions for users who have not done so manually.
   • Ensure all positions can be fully withdrawn.
3. Phase 3:
   • Complete shutdown (“sunset”) of the Elys Network chain on December 18th, 2025.

Conclusion This proposal is a necessary step to ensure a smooth, secure, and organized transition toward the new Ryze ecosystem.