Persistence (XPRT) is a token of a hybrid lending or borrowing protocol based on debt management, which brings the capabilities of real assets to DeFi. This is achieved by facilitating the borrowing of crypto assets, using real assets as NFT invoices, and then using them as packaged financial products.

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[Governance]

Proposal #23 is live on the Persistence Core-1 chain for voting.

ℹ️ Topic: Change in Inflation Parameters (Phase 1 of $XPRT Tokenomics Improvement)

🌐  Proposal link:

Keplr: https://wallet.keplr.app/chains/persistence/proposals/23
Leap: https://cosmos.leapwallet.io/gov/persistence/23
Mintscan: https://www.mintscan.io/persistence/proposals/23

🗣 Forum Discussion: https://forum.persistence.one/t/bringing-forward-the-inflation-halving/212

⚡️Tl;dr of Proposal 23:

At Genesis, the Core-1 chain’s block per year was set based on a 5s block time and an inflation halving event every 2 years. Due to the actual on-chain block time being 6s, this event will occur in early August 2023 (~4 months delay).

However, the current $XPRT inflation has reached its minimum of 25% quite some time back. 

Proposed imminent changes in Phase 1 of a larger $XPRT Tokenomics Improvement:

1. Reduce the $XPRT Minimum Inflation to 12.5% from 25%
2. Reduce the $XPRT Maximum Inflation to 25% from 45%
3. Adjust blocks per year to ensure the next halving is ~2 years after (if) the proposal passes

🚨 Persisters, let’s be sure to vote on this significant proposal before 12 May 2023! 🦾

[Governance]. Proposal #23 is live on the Persistence Core-1 chain for voting.