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KAVA $0.06822 0.31% Market cap $73.9M

Create SAFU fund via the community pool

Proposal #45 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
May 12, 2021
Opened May 5, 2021
Submitted
May 5, 2021
May 5, 23:12 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 35.6M KAVA
  • No 477K KAVA
  • No with veto 31.4K KAVA
  • Abstain 11M KAVA

Description

This proposal increases the minimum staking inflation from 15% to 95% and directs all new inflation to the community pool. These funds will be used for the SAFU fund, see details at https://medium.com/kava-labs/introducing-the-kava-safu-fund-security-of-assets-fund-for-users-bd8a7005a28f. Once the SAFU fund approaches 10M KAVA in approximately 1 month, a new proposal will be submitted to lower inflation back to 15%.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Parameter change cosmos.params.v1beta1 
    {
    "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
    "content": {
        "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
        "title": "Create SAFU fund via the community pool",
        "changes": [
            {
                "key": "InflationMin",
                "value": "\"0.950000000000000000\"",
                "subspace": "mint"
            },
            {
                "key": "communitytax",
                "value": "\"0.840000000000000000\"",
                "subspace": "distribution"
            }
        ],
        "description": "This proposal increases the minimum staking inflation from 15% to 95% and directs all new inflation to the community pool. These funds will be used for the SAFU fund, see details at https://medium.com/kava-labs/introducing-the-kava-safu-fund-security-of-assets-fund-for-users-bd8a7005a28f. Once the SAFU fund approaches 10M KAVA in approximately 1 month, a new proposal will be submitted to lower inflation back to 15%."
    },
    "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
}

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Kava votes on Oct 29, 2026, and the chain deletes votes when voting ends.