Synthetix project’s solution to revolutionize the existing monetary policy and control inflation
By Inkarias - 2019-12-10

What solution in mind to control the monetary policy ?
The solution that was proposed to the core team is to have rewards gradually declining each week versus having them halve every year, and community member gmgh explained why this solution is one of the most interesting:a smooth inflation reduction solves this by removing an "event" to trigger this people will just come and go and do all the above actions based on their own accord, rather than being "forced" to take action in response to an obvious future event. A lot of the game theory of what other people will do, and when they do it, will be removed.In an initial draft proposed by a community member , the system starts reducing weekly rewards by 1.3% at week 30 instead of previously proposed week 32 and then introduce ongoing terminal inflation of 3% per year thereafter starting at week 208.The complete schedule and monetary changes can be found at https://www.synthetix.io/