Delegation Report - CastaCrypto

[rafaelcastaneda]

== Referendum #101 ==
Burn 100% of Transaction Fees on Moonbeam

Proposal:

[Proposal: MB101] Burn 100% of Transaction Fees on Moonbeam

TL;DR: The Moonbeam Foundation, based on community feedback following a study by Gauntlet, proposes the following change to the tokenomics of Moonbeam: Change the proportion of transaction fees that are burned to 100% (currently, 80% are burned and 20% of the fees are sent to the treasury). This change is to be voted on through governance. Abstract This Moonbeam proposal is to change the proportion of transaction fees that are burned to 100% (currently, 20% of the fees are sent to the trea…

Referendum:
https://apps.moonbeam.network/moonbeam/referendum/101

Vote:
Aye

Reason for voting AYE:
Proposal #101 aims to increase the burning of GLMR to 100% of transaction fees. This has been demeed feasible due to a study conducted with the Gauntlet team ([Ext]: Grant Program Forum Post Part 2 - Macroeconomics and Tokenomics) which found out that Moonbeam is able to sustain its costs with parachain auction slots solely by the yield captured via DOT Staking.

Even as increasing the burning rate from the current 80% to 100% is not really a huge policy change able to promote greater significative deflationary pressure, I find that it is healthy and so I support the initiative, which may pay results in the long run.