Hi guys, Kam from the Imperator team.
@Damien, thank you very much for this proposal.
It’s clear that there is an important issue with this Community Pool compared to other chains: Cosmos Hub is the most mature chain in the ecosystem and it’s not ok to have such a small community pool - we need to solve this as soon as possible. Increasing the tax is a great solution as the concept of tax is already built in the system and works well.
Now, the main point is to determine which percentage rate should we apply to it. There are few elements to take into account:
- Find a rate that doesn’t bring more than what’s needed
- Find a rate that doesn’t change the staking rate drastically
Currently, the community pool has 1.25M ATOM and a tax rate of 2%. I think starting with a conservative rate of 5% is a good start as 2.09M ATOM would go into the community pool throughout the year for a total amount of 3.34M ATOM, all things being equal. This would represent 2.6x the current amount we have in the pool.
Of course, this parameter is flexible: it’s easy to change it and adapt the rate if needed, and it is preferable to start conservatively.
Regarding interchain security, I don’t think there is a need to be dramatic @zaki_iqlusion. Most of the projects that will use ICS are already well funded for the major part, and the community pool still owns $13M of ATOM at the current price. I also think we should have a MVP ready first for ICS before bringing too many projects and thinking of a go-to-market strategy.