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84f84c4eec
* Update x/community spec * Update reward details, remove old pool section * Reward parameters typoish Co-authored-by: Robert Pirtle <Astropirtle@gmail.com> --------- Co-authored-by: Robert Pirtle <Astropirtle@gmail.com>
38 lines
1.3 KiB
Markdown
38 lines
1.3 KiB
Markdown
<!--
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order: 1
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-->
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# Concepts
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## Community Pool
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The x/community module contains the community pool funds and provides proposal
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handlers to manage community pool funds.
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### Funding
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The x/community module account can be funded by any account sending a
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community/FundCommunityPool message. These funds may be deposited/withdrawn to
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lend via the CommunityPoolLendDepositProposal &
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CommunityPoolLendWithdrawProposal.
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### Rewards
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Rewards payout behavior for staking depends on the module parameters, and will
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change based on the "switchover" time parameter `upgrade_time_disable_inflation`.
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If the current block is *before* the switchover time and the
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`staking_rewards_per_second` parameter is set to 0, no staking rewards will be
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paid from the `x/community` module and will continue to come from other modules
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such as `x/mint` and `x/distribution`.
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On the first block after the switchover time, the `staking_rewards_per_second`
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parameter is updated to reflect the parameter
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`upgrade_time_set_staking_rewards_per_second`, and staking rewards are paid out
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every block from the community pool, instead of from minted coins from `x/mint`
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and `x/kavadist`. The payout is calculated with the `staking_rewards_per_second`
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parameter.
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In addition to these payout changes, inflation in `x/mint` and `x/kavadist` is
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disabled after the switchover time.
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