Celestia Founder: Supports the Proposal to Reduce TIA Inflation Rate by 33%

ChainCatcher news, the Celestia (TIA) community has initiated a new proposal to reduce the inflation rate of TIA by 33%. In response to this proposal, Celestia founder Mustafa Al-Bassam stated: "I support this proposal. When we first decided on the inflation rate, we referenced Solana's inflation plan to keep it relatively simple, as we did not want to follow the Cosmos standard inflation plan (i.e., a permanent 10% inflation rate).

Recently, the community consensus is that this number is still too high, and now Solana is also proposing to lower the inflation rate, so it's time for Celestia to adjust as well. I believe that a 33% reduction is a correct balance; it can effectively adjust the inflation curve without excessively jeopardizing the security of the crypto economy."