teleo-codex/decisions/internet-finance/coal-cut-emissions-by-50.md

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	tracked_by	created
decision	decision_market	Coal: Cut emissions by 50%?	internet-finance	passed	coal	futardio	proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2	https://v1.metadao.fi/coal/trade/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy	2024-11-13	2024-11-17	mechanism	Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments	rio	2026-03-11

Coal: Cut emissions by 50%?

Summary

This proposal halved the Coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from approximately 110% to 56%. The proposal also established a framework for bi-monthly decision markets to guide future emission rate adjustments, replacing the original post-launch schedule that was intended as temporary.

Market Data

• Outcome: Passed
• Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
• Created: 2024-11-13
• Completed: 2024-11-17
• Proposal Number: 1
• DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
• Autocrat Version: 0.3

Significance

This represents Coal's first major governance decision using futarchy to manage token economics. The proposal demonstrates futarchy being used for dynamic monetary policy adjustment rather than one-time decisions. By establishing bi-monthly decision markets for emission rates, Coal is implementing continuous governance over a critical economic parameter.

The original emission schedule included automatic halvings at 5% circulating supply increases, but this was explicitly temporary. Moving to market-governed adjustments represents a shift from algorithmic to futarchic monetary policy.

Relationship to KB

• coal - parent entity, first major governance decision
• futardio - platform hosting the decision market
• dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution - related mechanism concept

Full Proposal Text

Source: futard.io, tabled 2024-11-13

Under the current schedule, the target emission rate halves with each 5% increase in the circulating supply. Following six halvings, the current emission target is 15.625 per minute (22,500 per day), resulting in an approximate annual inflation rate of 110%.

According to this schedule, the next halving will occur at a circulating supply of 7,350,000, lowering the emission target to 7.8125 per minute (11,250 per day) and reducing the annual inflation rate to about 56%.

This schedule was initially established after launch as a temporary framework and was never intended to be a long-term solution.

Moving forward, we'll conduct bi-monthly decision markets to guide adjustments to the emission rate.

Details: If this proposal passes, the emission rate will be fixed at a target of 7.8125 per minute. If it fails, the rate will remain at the current target of 15.625 per minute.

A follow-up decision market will be held in early January, approximately two months from now, to determine the next rate adjustment.