Reconsidering Astar's Inflation Rate

Economics
4

I this vein I would like to remind everyone of several previous proposals in relation to this issue:

  1. There was a decent proposal made back in October 2022 (Proposal - burn mechanism on transaction fees similar to Shiden Network, and quarterly burn events to reduce inflation on the ASTR token) to adopt a burn mechanism similar to that of Shiden Network, which was mostly ignored. It would be interesting to hear why this was the case?
  2. There was a successfully passed proposal in December 2022 (Halve collator rewards on Astar to improve decentralization) that halved collator rewards (from 10% to 5% of block reward) in order to:
    a) improve decentralization (haven’t changed the composition of collator set significantly);
    b) lower the total annual inflation by 5% [as per info from recent posts on this issue - inflation remains steadily at 10% :(]
    It would be interesting to hear what were the exact outcomes/results of this proposal in terms of decentralization and inflation?
    To follow up on this - if inflation (and centralization) was not significantly lowered by this measure, and (as it sems) will be tackled by another measure in the near future, should this ineffective (?) measure be revoked?

As some members mentioned in the threads from October and December above inflation can be successfully tackled by initiating burns of the treasury funds (generated from rewards) that are unused in a specific time frame (use it or loose it model). This has proven results from many other chains, including Kusama and Polkadot. Exploring this path thoroughly would be a worthy endeavor :vulcan_salute:

As the last remark, and also mentioned before from my side, I find it awkward that important issues like this one are decided exclusively by votes here (only community members with a trust_level_2 minimum on this forum are allowed to vote) instead of using democracy on chain as is done on Kusama and Polkadot, any many other chains not so closely related to Astar.
I understand the current circumstances but this ‘closed circle’ voting, limited mostly only to ambassadors and few other community members, will likely give schrewed results and I doubt this is something anyone here wants…

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