Powerup Model #83
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Powerup Model #83
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porkchop
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Nov 1, 2023
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Yeah looks right @quocle108 . Just one nitpick for you. Good work
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* tokenomics explainer * adjust chain inflation * burn excess inflation
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Change Description
This PR creates a new optional NET and CPU rental market which displaces (over time) the existing staking system. Under the old model, system token holders own NET and CPU and may choose to use it themselves, delegate it to others. Under this new model, the chain owns almost all NET and CPU resources and the only way to access these resources is
through the new powerup action. It channels fees to the eosio.saving to enable token holders to profit off the new market.
More information can be found here
Deployment Changes
A new account eosio.reserv must be created before starting the new resource system (i.e. before calling the cfgpowerup action). The eosio.reserv account should not be used as the authorizer of any actions because increasing the CPU/NET usage of that account could interfere with the proper functioning of the cfgpowerup and powerup actions.
API Changes
New actions: cfgpowerup, powerupexec, powerup
Documentation Additions
Documentation can be found here