Canto, the Layer 1 blockchain, is set to reduce its network emissions and liquidity mining incentives to improve the sustainability of its program and align its stakeholders. Two proposals will be submitted to the governance for approval.
The proposal to reduce security emissions will be submitted to governance on Monday, February 13th. The proposal to reduce liquidity mining incentives will be submitted to governance on Friday, February 17th.
The security emissions will be reduced by exactly 30% compared to the previous period, with an inflation rate of 5.6 $CANTO per block. Currently, 50% of the circulating $CANTO supply is staked for network security, this is at the higher end of the target range of 40-50% and the proposed adjustment is aimed at maintaining the staked supply ratio within the targeted range while decreasing the inflation rate.
The liquidity mining parameters will face a reduction across the board compared to the previous period, with liquidity mining incentives dropping to a total of 37.6 $CANTO per block. The allocation of liquidity mining rewards among DEX and lending market pools will be adjusted.
The new parameters will take effect immediately once the proposals are executed on-chain.
Want to learn more about Canto? Find our latest article: What is Canto & Why is it Making Waves in the DeFi World? - Ratings & Analysis
Layer 1
Cosmos
