Cosmos Hub greenlights ATOM inflation cut for security boost
The governing body of Cosmos Hub has actually endorsed a proposal to decrease the optimum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%. The native token of the Hub is Atom, employed for staking, governance, and deal fees.The proposition secured a narrow passage, amassing 41.1% approval votes compared to 38.5% disapproval, marking the greatest turnout vote in the Cosmos community. A post asserted, “Double-digit inflation is unnecessary for security, weakens Atom cost in the long run, and discourages the use of ATOM in DeFi and other areas within the Atom Economic Zone.
Thank you for reading this post, don't forget to subscribe!
Related Content
- Bitcoin speculators send 35K BTC to exchanges in new ‘elation inflow’
- Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%
- Bitcoin briefly tops $37K amid market optimism for pending spot ETF approvals
- Stargate community proposes removal of Fantom USDC pool to mitigate risks
- FTX probes $6.5M in payments to AI safety group amid clawback crusade