Cosmos developers have organized a vote to reduce ATOM inflation to 0%, the vote ends in Jan 23, 2024

Cosmos developers have organized a vote to reduce ATOM inflation to 0%. The vote takes place between Jan 9 and Jan 23, 2024. The vote was proposed by StakeLab.

ATOM’s inflation rate is currently capped at 10%. ATOM 10% inflation rate has been used since November 2023. Current staking yield of ATOM is 13.4%.

If majority of ATOM token holders vote yes, ATOM’s inflation rate will be decreased to 0%.

ATOM is 22^nd largest crypto by market cap. Its market cap is $3.755 billion and its fully diluted market cap is $3.758 billion.

You can see live voting result at www.mintscan.io/cosmos/proposals/868.