Prop 80: Automated $MNTL Halving Proposal #3

Overview

This is the first of two automated proposals aimed at adjusting the $MNTL inflation rate as we reach the next 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 3,145,641,037, marking the planned two-year emission amount since the previous halving (passed via props #70 and #71 on 2024-03-19).

Proposal Details

• Objective: To halve the current inflation rate and set a new target inflation rate of 18.75%.
• 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 18.75%.

Next Steps

Following this proposal, a second automated proposal will be submitted to establish a new inflation range, setting the minimum inflation rate to 16.25% and the maximum to 21.25%.

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 this proposal and the next must be approved for the inflation rate to be adjusted in accordance with the tokeneconomic model.