abstaining as i'm the author of this proposal.
as the proposal author points out, circulating supply is expected to rise dramatically for the next few years. unlocking minted supply will dwarf inflation, and there is no clear justification to maintain the 2% inflation target.
https://gov.optimism.io/t/blockchain-usc-delegate-communication-thread/
we fully support the proposer's argumentation regarding the lack of necessity for inflating $op supply for the next few years. we would like to also voice our support and declare our availability and readiness for more discussion regarding $op tokenomics.
justification to be published in forums.
with the circulating supply expected to increase substantially and dwarf inflation in the near future, there's no justification to maintain target
in general i agree with the reasons outlined in the 0% proposal. inflation is high as is and it is reasonable to keep this rate at 0% until we get closer to steady state.
we support decreasing the inflation of op token from 2% to 0% to combat the overabundance of $op supply available over the next 3 years
voting for the proposal.
since there is a op token overhang, which can be seen by comparing the overall token amount and the circulating supply, we think it would be the right move to not increase the overall token amount. we believe the amount of the overall op tokens are sufficient for the goal of increasing the circulating supply. besides, with the overall amount the main focus can be on the token allocation and the token house, therefore we vote “for” on this proposal.
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