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Governance · #3

[Param Update] Align Jay Network with Cosmos Hub — Inflation, Slashing, Staking & Governance

Rejected ·MsgUpdateParams · ends 174d ago

Deposit 12 JAY
Quorum 40%
Pass threshold 50%
Veto threshold 33.4%

Current tally

Yes
99.1%
No
0.9%
Abstain
0%
No with veto
0%

Cast a vote

Keplr

Voting is closed for this proposal.

Summary

Aligns Jay Network's economic and operational parameters with Cosmos Hub mainnet to improve external validator experience, reduce supply dilution pressure, and strengthen long-term governance.

Changes 4 modules in a single atomic transaction:

[Mint]
- inflation_max: 0.20 -> 0.10 (halve inflation cap)
- inflation_rate_change: 0.13 -> 1.00 (faster PI convergence)

[Staking]
- max_validators: 100 -> 200 (broader active set)
- min_commission_rate: 0.00 -> 0.05 (5% commission floor)

[Slashing]
- signed_blocks_window: 100 -> 10000 (longer measurement window)
- min_signed_per_window: 0.50 -> 0.05 (relaxed liveness requirement)
- slash_fraction_downtime: 0.01 -> 0.0001 (reduce downtime penalty)

[Governance]
- voting_period: 48h -> 168h (7 days)
- quorum: 0.334 -> 0.40

Distribution module is already aligned (community_tax 2%, no proposer rewards) so no changes there. Block time (5s) is intentionally kept to preserve service responsiveness; blocks_per_year remains 6,311,520. Bond denom (ujay), chain id (thejaynetwork), bech32 prefix (yjay), and the CosmWasm module are retained as chain identity.

Effective immediately upon proposal passage; no chain halt or binary upgrade required.

Projected impact:
- Long-term supply growth ceiling halved (20%/yr -> 10%/yr max)
- Staking APR drops as inflation cap drops; further normalizes as bonded ratio rises toward the 67% goal
- Operator-friendly slashing (100x more lenient downtime penalty)
- All currently-active validators are already at 5% commission, so no operator is force-clamped