MIP to review and redesign Mina tokenomics

No, assuming the hard fork happened today, the max limit would be ~8.8%. This is because we have a fixed coinbase and an increasing total supply, so the inflation rate is naturally decreasing.

You can confirm this as max of 7140 slots and 75% fill rate so 5355 max blocks. 5355 x 720 = 3.8556 million MINA increase an epoch. The current supply is 1.0724 billion, so that’s an increase of 0.00359517041% an epoch, annualized that’s 8.8%.

For the last epoch 61 we had an active stake of 77.71% - 829 million contributed to block production out of 1.047 billion in the staking ledger. That resulted in a fill rate of 60.81% so assuming the same that’d be an inflation rate of ~8.0%. Given as the hard fork is at least a few epochs away we’ll realistically be sub 8% by that time.

In case you haven’t seen it, there are a lot of charts and more details in the call posted here Reduce supercharged rewards in line with initial tokenomics - #35 by garethtdavies

4 Likes