[Proposal] [Draft] Suggested changes to a few cosmological constants

Hub Proposals Proposal Ideas
11

Thanks all for the excellent feedback. Based on response so far, and the upcoming introduction of parameter change proposals which will render future changes simpler, I think it makes sense to make three separate proposals in the near future:

  1. Add a proposal type to spend from the community pool, requiring the usual majority & quorum, to any Cosmos address. (leave the community pool tax as-is for the time being, until we see how it ends up being used)
  2. Increase "slash_fraction_double_sign" from 0.05 to 0.1 (more conservative than 0.2, I do recognize the concern about information asymmetry between new validators and delegators).
  3. Increase “inflation_rate_change” to 0.52, resulting in a maximum period of three months for inflation adjustments targeting 2/3 bonded.

Proposal #1 will be made before the next hard fork, so it can be included in that. Proposals #2 and #3 could wait until parameter change proposals are activated, but they would also be easy to include as changes in the genesis file after the next upgrade. I don’t have a strong opinion between those two options.

I think we should consider increasing the maximum validator count in the future, but I agree that doing so isn’t immediately pressing.

Thoughts on this segmentation welcome. Cryptium Labs will likely make proposal #1 in a day or two, and we are willing to implement it pro bono.

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