Odaily News The Celestia (TIA) community has launched a new proposal to reduce TIA’s inflation rate by 33%.
In response to the proposal, Celestia founder Mustafa Al-Bassam said in a post: “I support this proposal. When we first decided on the inflation rate, we referred to Solana’s inflation plan to keep it relatively simple because we didn’t want to follow the Cosmos standard inflation plan (i.e. a permanent 10% inflation rate). The recent community consensus is that this number is still too high, and now Solana is also proposing to lower the inflation rate, so it’s time for Celestia to adjust. I think a 33% reduction is the right balance, which can effectively adjust the inflation curve without overly endangering the security of the crypto economy.”