Prop 116: Adjust Mint Inflation Bounds to 2–3% Annual Range

This proposal updates Agoric’s mint module parameters as follows:

inflation_min → 0.02
inflation_max → 0.03
inflation_rate_change → unchanged (0.13)
goal_bonded → unchanged (0.67)

Current on-chain state: • Inflation: ~5% • Bonded ratio: ~37–40% • Annual issuance: ~53M BLD

Under a 2–3% inflation range at current bonded levels: • Net staking APR remains approximately 6–7% • Annual emissions decline to ~32M BLD • Structural issuance reduces by ~21M BLD per year

The objective is to reduce persistent structural issuance, align monetary policy with current participation realities, and improve long-term economic stability while adoption develops.

This proposal does not interfere with Ymax rollout, product iteration, or subsidy programs. Product growth and emission discipline can operate in parallel.

Community discussion: https://community.agoric.com/t/enforce-a-hard-supply-cap-and-reduce-staking-emissions-to-strengthen-bld