Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
58 lines
3.2 KiB
Markdown
58 lines
3.2 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Coal: Cut emissions by 50%?"
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domain: internet-finance
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status: passed
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parent_entity: "[[coal]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://v1.metadao.fi/coal/trade/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy"
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proposal_date: 2024-11-13
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resolution_date: 2024-11-17
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category: "mechanism"
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summary: "Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments"
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tracked_by: rio
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created: 2026-03-11
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---
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# Coal: Cut emissions by 50%?
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Created:** 2024-11-13
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- **Completed:** 2024-11-17
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- **Proposal Number:** 1
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Autocrat Version:** 0.3
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## Significance
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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.
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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.
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## Relationship to KB
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- [[coal]] - parent entity, first major governance decision
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- [[futardio]] - platform hosting the decision market
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- [[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
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## Full Proposal Text
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*Source: futard.io, tabled 2024-11-13*
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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%.
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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%.
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This schedule was initially established after launch as a temporary framework and was never intended to be a long-term solution.
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Moving forward, we'll conduct bi-monthly decision markets to guide adjustments to the emission rate.
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**Details:**
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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.
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A follow-up decision market will be held in early January, approximately two months from now, to determine the next rate adjustment.
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