Axelar Network Incentives Proposal
A recent proposal has been published on the community governance forum of Axelar Network. The proposal discusses 'Adjusting Axelar Network Incentives: A Proposal to Scale to Thousands of Chains'. The proposal seeks comments from the community and is open for discussion. It outlines a three-pronged approach to modifying the network's incentives.
In the short term, the proposal suggests modifying the network's inflation parameters. Alongside this, it advocates for the introduction of a gas-burning mechanism to counterbalance inflation. The aim is to maintain robust decentralization on the network.
Over the medium term, the proposal suggests establishing connections within Virtual Machine smart contracts. This would replace inflationary rewards with explicit reward pools for each new chain. For the long term, the proposal recommends expanding the use of more light-client connections where suitable. The complete proposal is available for reading and commenting on Axelar's official community forum.
Axelar's Tokenomics Update and AMA Session
An update on Axelar's tokenomics was also shared recently. The core Axelar team and the Axelar Foundation will be holding an Ask Me Anything (AMA) session to answer questions about the new $AXL tokenomics. The session is scheduled for Wednesday, October 18th at 11 am EST.
A detailed article on the proposed changes can be found on Blockworks' website. The original forum post detailing these changes is also available on Axelar's community forum. These resources provide a comprehensive view of the proposed changes and their potential impact on Axelar's ecosystem.
Axelar Perpetuals Coming to Helix
In another exciting development, it has been announced that Axelar perpetuals are coming to Helix. This information was shared on a thread on the Helix app's official Twitter handle. More details about this development can be found on the linked thread. It signifies a step forward in expanding the offerings of Axelar and bringing more value to its users.
These updates highlight Axelar Network's commitment to continuous improvement and user engagement. The community is encouraged to participate in these discussions and contribute their ideas for the betterment of the network.