29 lines
917 B
Markdown
29 lines
917 B
Markdown
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# Begin-Block
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## Inflation
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Inflation occurs at the beginning of each block.
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### NextInflation
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The target annual inflation rate is recalculated for each provisions cycle. The
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inflation is also subject to a rate change (positive or negative) depending on
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the distance from the desired ratio (67%). The maximum rate change possible is
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defined to be 13% per year, however the annual inflation is capped as between
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7% and 20%.
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NextInflation(params Params, bondedRatio sdk.Dec) (inflation sdk.Dec) {
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inflationRateChangePerYear = (1 - bondedRatio/params.GoalBonded) * params.InflationRateChange
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inflationRateChange = inflationRateChangePerYear/hrsPerYr
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// increase the new annual inflation for this next cycle
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inflation += inflationRateChange
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if inflation > params.InflationMax {
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inflation = params.InflationMax
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}
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if inflation < params.InflationMin {
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inflation = params.InflationMin
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}
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return inflation
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