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Stargaze Tokenomics update

15 May 2023

1 min read

Stargaze Tokenomics update

Tokenomics update of Stargaze has been revelead

Dates and Numbers in this plan are targets/estimates and will be more finalized once the actual proposals hit Stargaze

This is a multi-step process that addresses tokenomic concerns and proposes a general overhaul of the STARS token with the goal to:

•Reduce total inflation by 60%

•Achieve a Net Staking Yield of ~+7% to no longer dilute STARS stakers.

•Lower the max supply from 4B STARS to 3B.

The process to implement will be present in 4 proposals:

•Prop 1: Reduce inflation by 60% with a One-OFF Emissions Cut that would reduce daily emission from ~1.8M STARS to ~730K STARS and would drop the inflation rate from ~33% to ~11%

•Prop 2 - Use Community Pool Funds to supplement the emissions cut

•Prop 3 - Redirect token emission from the bloated Community Pool towards staking. Adjust the token emission allocation to NFT-DeFi primitives as these features become available.

•Prop 4 - Change the FairBurn mechanism for NFT listing fees & Stargaze Name minting fees.

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