Update tokenomic parameter to match 15s block time

Motion #78

External #0xc48d

Tech. Comm. #0xbcbc

Referendum #38

#78

Update tokenomic parameter to match 15s block time - motion #78

hangyin

Democracy

0 Comments

Tabled

This motion will bring an external proposal to adjust the tokenomic parameter to match the 15s block time. Specifically, the block_subsidy will be reduced from 183.3 to 125 (100 PHA * 15s / 12s). This is because after the Kusama v0.9.20 upgrade, the parachain block time has been greatly reduced from around 24s to 15s.

Edited

Up 1

Business

Council Motion #78

0x4c152b15040507131e5e7d9c1c49fe1f3f0f9b176c19a21cef1be473bd5a1fc8

Metadata

0xc48d0d20261efdfb4937a9b4c383fe842baf236a15aed631f8209a0b40820c3a

SimpleMajority

Table

Json

callIndex

0x5705

section

phalaMining

method

updateTokenomic

args

newParams

phaRate	0x0000000000000000451eb851eb851eb8
rho	0x000000000000000100000b2f06b47efd
budgetPerBlock	0x000000000000007d0000000000000000
vMax	0x00000000000075300000000000000000
costK	1080518632060
costB	2303210768335596
slashRate	0
treasuryRatio	0x00000000000000003333333333333333
heartbeatWindow	20
rigK	0x00000000000000011c710cb295e9e1b1
rigB	0
re	0x00000000000000018000000000000000
k	0x00000000000000320000000000000000
kappa	0x00000000000000010000000000000000

TimelineLatest activity undefined

externalProposeMajority

proposalHash

0xc48d0d20261efdfb4937a9b4c383fe842baf236a15aed631f8209a0b40820c3a

fastTrack

proposalHash

0xc48d0d20261efdfb4937a9b4c383fe842baf236a15aed631f8209a0b40820c3a

votingPeriod

21600 blocks

delay

1 blocks

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