[AIP-30][Implement decrease in staking rewards]

[thepomeranian]

AIP-30 - Implement decrease in staking rewards

Summary

This AIP proposes a 1.5% yearly decrease in staking rewards, which is part of the Aptos tokenomics requirement.

Link to AIP: https://github.com/aptos-foundation/AIPs/blob/main/aips/aip-30.md

[dylanschultzie]

@thepomeranian will this necessitate a governance vote to enact each reduction in staking rewards, or will it be automated and enacting after a certain amount of epochs?

This is a little unrelated, but is there a bonding curve to reach a desired amount of stakers? For example - right now, inflation is 7%. Let's say 10% of tokens are bonded, in theory that would mean the "effective" APR for delegators is 70% (that 7% inflation is divided amongst 10% of tokens rather than 100%).

[michelle-aptos]

@dylanschultzie the reduction will be automated at the end of every year after the governance vote passes

[xindingw]

This is a little unrelated, but is there a bonding curve to reach a desired amount of stakers? For example - right now, inflation is 7%. Let's say 10% of tokens are bonded, in theory that would mean the "effective" APR for delegators is 70% (that 7% inflation is divided amongst 10% of tokens rather than 100%).

7% reward rate doesn't means total supply of APT increases 7% every year. 7% is proportional to total staked amount. For example, total supply is 1,000,000 and the staked amount is 800,000, this year at most 800,000 * 7% = 56,000 APT can be minted.

[sherry-x]

Proposal 36 was a SingleStep proposal but got submitted using MultiStep proposal code path, so even though it passed voting, the proposal cannot be resolved.

We will be resubmitting a proposal 37 with a consistent MultiStep method and going through voting again.

[commanderu]

When is the review?