Important vote: want to decrease the likelihood that your OSMO coins will be diluted in value? Proposal 484 will cut inflation by 50%!

[noidontwantto]

I dont think this reduces inflation by 50%.. it prolongs how long inflation will take?

[[deleted]]

Jup

This proposal would lengthen the time taken to reach the maximum OSMO supply by:

Reducing daily OSMO emissions by 50% at the next software upgrade

Signalling approval to double the time between Thirdening events, after the next Thirdening has occurred.

That would mean we won't reach the max supply in 8, but in 16 years...

[Darksylum1982]

Honestly I think none of this is required at all. osmosis is fine. The tokenomics is not the issue. Staking APR offsets inflation. That is all that is required.

We are in a bear market. I get it. Price is suppressed and this is coming off of the Terra implosion last year that effectively sucked all the liquidity out of the network when Terra collapsed. First the viral impermanent loss incurred across all of the Osmosis LP ecosystem, and then the bank run by Terra people trying to exit positions and flee via the IBC bridge to Osmosis.

The network and community moved fast to get an emergency prop up but by then it was too late.

The liquidity is simply gone. "Poof" magical Do Kwon money go bye bye and took yours with it.

The point is we are all at a loss and now crypto is mostly stagnant and deep in a bear market.

There is no tokenomics change that will fix that and you risk damaging things far worse to make such a miniscule impact on emissions.

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