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BLAST L2: The NFT Perps and Native Yield Super Chain? | Analyst Round Table | Analyst Round Table
Nov 29, 2023
01:05:19
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Quick takeaways
- Reducing the inflation rate for Atom in the Cosmos ecosystem could inspire other projects within the network to reevaluate their token emissions and prioritize economic efficiency.
- The outcome of the vote on Prop 848 to reduce Atom issuance highlights a high level of engagement and interest in shaping the Cosmos ecosystem's economic policies, potentially encouraging other projects to reevaluate their token emissions.
Deep dives
Decreasing Atom issuance rate by 30% improves economic security
In a significant move, Prop 848 in the Cosmos Hub ecosystem has successfully reduced the maximum inflation rate by 30%. With the inflation rate now set at 10%, this decision aims to strike a balance between economic security and overcompensating for it. Efforts Capital, a prominent voice in the Cosmos community, views this as a positive step, as it reduces unnecessary token issuance. The market initially responded well to the proposal's passage, though subsequent market retracement makes it difficult to gauge its long-term impact. This could potentially inspire other Cosmos chains to reevaluate their inflation rates and prioritize economic efficiency.
