Delegation Report - Sik | crifferent.de

[dev0_sik]

MOONRIVER REF #69

Burn 100% of Transaction Fees

[Proposal: 69] Burn 100% of Transaction Fees

Abstract This Moonriver proposal is to change the proportion of transaction fees that are burned to 100% (currently, 20% of the fees are sent to the treasury). Details This proposal has been tested on Moonriver Runtime 3400 using Chopsticks and the following procedure: Made a test transfer to verify the current proportion of transaction fees that are being sent to the treasury and the user. [image] Checked the events from the transfer and confirmed that 20% of the fees are being sent to…

My Vote: AYE

This proposal seeks to burn 100% of the transaction fees imposing a deflationary force in high volume scenarios. The initial impulse came from the Gauntlet macroeconomics research and was finalized with community feedback