Dear Fuse Community,
We are thrilled to announce that the FRC02 proposal has successfully passed in our recent community vote!
Key Outcome of the Vote
The community has spoken, and with a majority vote, we have decided to implement the changes outlined in the FRC02 proposal. This change is to transition our network to a deflationary model.
Implementation of Changes
We have successfully upgraded BlockReward implementation to the new contract on the Fuse Mainnet. This update allows the changes to take effect.
Starting immediately, the inflation rate will be adjusted to 3%. As a result 11,486,534 FUSE will be issued per year. This adjustment is part of our strategy to gradually reduce the rate of new token creation, thereby increasing the scarcity and potential value of FUSE tokens.
What This Means for You
Validators and Stakeholders: Please review the updated contract details.
Developers and Community Members: These changes are expected to provide a more stable and promising economic environment for building and investing within the Fuse ecosystem.
Stay Informed and Engaged
We encourage everyone to stay informed about the changes as they are implemented and to participate in ongoing discussions.
Updated documentation will be available soon on our developer portal.
Thank you to everyone who participated in the voting process. Here’s to building the future of finance together!
Best regards,
The Fuse Network Team