Summary of EOS New York Governance Proposal, October 2019.
1 min readOct 14, 2019
The entire proposal can be found here. It’s a long one but at the bottom is a good summary in bullet-point form. Here it is, shared with permission.
- Dynamic inflation is replaced with static inflation (e.g. 50MM flat per year vs. 5% of supply per year).
- Divisible Vote replaced 1 Token 30 Votes.
- Staking or lending to REX awards an account with staking rewards.
- An account that votes for a BP diverts 50% of inflation away from itself and 20% is burned while 30% is sent to the BP reward pool.
- If too few tokens vote then staking rewards are shut off, total inflation reduces, and 100% of inflation is now awarded to BPs until such time as the voting threshold is met again.
- Accounts can now set the number of tokens staked and the number of tokens voting independent from one another within a single account.
- Bpay and vpay are replaced with rank pay percentage.
- Block Producer performance determines the total inflation within any given period which materially affects the returns of all stake-holders.
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