| cip | title | author | status | type | created |
|---|---|---|---|---|---|
| 107 | Burning a DAO-adjustable proportion of the storage collateral when refunding. | Ming Wu [email protected] | Draft | Spec Breaking | 2023-02-06 |
Simple Summary
When some states in Conflux coreSpace are released in a transaction, a proportion of the storage collateral will be burned. This proportion can be decided based on the on-chain DAO vote.
Abstract
Burning a DAO-adjustable proportion of the storage collateral when refunding.
Motivation
This is to introduce some burning scenarios and mechanisms to mitigate the continuous inflation of CFX tokens. This will improve the tokenomics of Conflux.
Specification
Assuming m CFX is the storage collateral volume associated with some states and p is the proportion of the storage collateral to be burned. When the states are released in a transaction, m*(1-p) CFX will be refunded to the owner of the states, and the left will be burned. The p can be voted as 0, 0.25, 0.5, 0.75, 1.
Rationale
TBA.
Backwards Compatibility
This change is spec breaking.
Test Cases
TBA.
Implementation
TBA.
Security Considerations
Copyright
Copyright and related rights waived via CC0.
Update
See the updated version of CIP-107: CIP-107: Burning a DAO-adjustable proportion of the storage collateral (20230307)