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feat: Municipal Inflation #162
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Codecov Report
❗ Your organization is not using the GitHub App Integration. As a result you may experience degraded service beginning May 15th. Please install the Github App Integration for your organization. Read more. @@ Coverage Diff @@
## main #162 +/- ##
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+ Coverage 60.45% 60.51% +0.05%
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Files 600 599 -1
Lines 38791 38885 +94
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+ Hits 23452 23530 +78
- Misses 13366 13374 +8
- Partials 1973 1981 +8
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* fix: [Cosmetic] Go linting * CI test run - setting golang v1.18.10
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LGTM
@@ Coverage Diff @@ main #162 +/-==========================================
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Implements the Municipal Inflation mechanism.
Municipal(= Local) GOVERNANCE of distribution
The defining feature is the governance of the tokens generated(minted) by Municipal Inflation - tokens are minted on to predefined target address, and whoever controls access to that adress (e.g. it can be related private key, multisig wallet, contract, or possibly address of cosmos-sdk module) fully controls dictribution of tokens generated by the municipal inflation at that target address - hence the "Municipal" name (as opposed to trully decentralised governance distribution model(e.g. distrubution based on proportionality of users stake agains over all staked amount)).
If required, the Decentralisation can be achieved by using contract (which implements decentralised distribution of the inflated tokens) and setting address of such contract in to
target_address
. This will “convert” Municipal distribution governance do Decentralised one, so to speak.CONFIGURATION
Municipal inflation is configured in
genesis.json
located in themint.minter.municipal_inflation
node - see below the example.min.minter
node in order to make the configuartion immutable = by design, it is NOT possible to change configuration of Municipal Inflation while network is running (e.g. via governance proposal). The only way how to change the configuration of Municipal Inflation is to restart the network.value
represents ANNUAL value of inflation in[1]
unit ([%] = 100x[1]
), what means that"value": 0.03
equals to3%
annual inflation