Good to see a medium post and accompanying proposal. Horizon

Question

Good to see a medium post and accompanying proposal. Horizon

sets out to create 2 foundations, is it clear which those are yet? And for the json attached, inflation up untill the 31st is set 0.595, what is this in percentage terms? (59.5%?)

#blockchain #cryptocurrency #english #kava

0

14.05.2023

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CryptoDaz (Darren)

Sierra Golf
at first sight this looks like the inflation is re...

I think there is a decimal place missing somewhere If you compare proposal #137 and #141 you will see that the 'inflation per second' for the new Kava Origin DAO is 1.00000000707583562 vs 1.00000001814869469 So taking out the decimal places gives 7.07 v 18.15 There are 86,400 seconds per day so that gives a daily inflation of 0.061135% (22.31% per day) The new inflation would be 0.156805% per day (57.2% per day) So the combined figures would see an increase from 97.3% to 116.7% If you look at the parameters in prop #141 you will see the headline inflation is being lowered from 75% to 59.5%, but no change in the community tax which I assume will stay at 0.9495 So the amounts going to the community pool will lower from 71.2% to 56.5% and staking rewards from 3.79% to 3.00% taking staking yields to around 13% although will continue to rise back up Please note these are not official figures, just my own personal calculations/assumptions as a community member The above figures have been edited

0

14.05.2023

LeitonDuc

CryptoDaz (Darren)
I think there is a decimal place missing somewhere...

I don't quite understand. Is the new emission now at 116.7%? With 59.5% going to stakers and community pool, and the other to kava origin?

0

20.05.2023

CryptoDaz (Darren)

LeitonDuc
I don't quite understand. Is the new emission now ...

Yes I believe so. Obviously the amounts going to the Kava Origin DAO pool and community pool aren't currently going into general circulation (despite counting as circulating supply), other than the 1m per month Kava Rise payouts

0

20.05.2023

CryptoDaz (Darren)

LeitonDuc
I don't quite understand. Is the new emission now ...

The actual figures are in reality slightly lower as the system works on the assumption of a fixed number of blocks per year equating to 6s per block while actually it's closer to 6.35s, so it takes around 6% longer to distribute the expected amounts so real rates of inflation is lower if you understand my logic

0

20.05.2023

Sierra Golf · Accepted Answer

at first sight this looks like the inflation is reduced from 75% to 59,5%, but if you look closer you see they are also updating the kavadist params, where they are changing the value from 1.000000000782997609 to 1.000000018148694690. without zeros this is 7 to 181, which according to @cryptodaz2 translates to a change from 25% to 75% inflation going to the kava origin dao. I personally take offense in the proposal as it is not expressing what exact change is done, why this is done and why plans are changed. also the dates in the parameters don't comply with the proposal's text to drop all emissions by end of this year. the 25 to 75 change literally says it ends 2026-10-27T15:00:00Z...

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Good to see a medium post and accompanying proposal. Horizon

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