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KAVA $0.06827 0.70% Market cap $73.9M

Complete SAFU fund funding by reducing community pool and inflation

Proposal #48 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.01 KAVA

Overview

Updated

Passed

Voting ended
Jun 21, 2021
Opened Jun 14, 2021
Submitted
Jun 14, 2021
Jun 14, 00:42 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 38.2M KAVA
  • No 1.82K KAVA
  • No with veto 0 KAVA
  • Abstain 3.5K KAVA

Description

This proposal sets the minimum staking inflation to 15% from 95% and returns the community tax to 0%. This completes funding of the SAFU fund, see details at https://medium.com/kava-labs/introducing-the-kava-safu-fund-security-of-assets-fund-for-users-bd8a7005a28f.

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": "Complete SAFU fund funding by reducing community pool and inflation",
        "changes": [
            {
                "key": "InflationMin",
                "value": "\"0.150000000000000000\"",
                "subspace": "mint"
            },
            {
                "key": "communitytax",
                "value": "\"0.000000000000000000\"",
                "subspace": "distribution"
            }
        ],
        "description": "This proposal sets the minimum staking inflation to 15% from 95% and returns the community tax to 0%. This completes funding of the SAFU fund, see details at https://medium.com/kava-labs/introducing-the-kava-safu-fund-security-of-assets-fund-for-users-bd8a7005a28f."
    },
    "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.