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0g-chain/x/kavadist/spec/01_concepts.md
Denali Marsh 2d7f5c4080
[R4R] Better docs (#541) 
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2020-06-03 14:54:31 -04:00

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Concepts

The minting mechanism in this module is designed to allow governance to determine a set of inflationary periods and the APR rate of inflation for each period. This module mints coins each block according to the schedule such that after 1 year the APR inflation worth of coins will have been minted. Governance can alter the APR inflation using a parameter change proposal. Parameter change proposals that change the APR will take effect in the block after they pass.