x# AuthZ for IBC ICS-20
The Cosmos SDK provides send authorizations which can delegate the authority via AuthZ to send from an account to an allow list and with a limit. This specification describes a similar system for ICS-20.
Much has been made about the potential risks of liquid staking.
The work iqlusion has done in the staking module over the last year has been specifically designed to mitigate these risks. This work is covered under ADR-61
During the Three Arrows capital liquidation event, there was a substantial divergence between the price Lido’s staking derivative STETH. Many liquid staking protocols require substantial waits to process withdrawals and final settlement of the underlying stake token collateral. This enables a purely financial event like deleveraging to undermine the strategy tokens and subject liquidity providers to substantial loss.
| { | |
| "title": "Unity param change propsal", | |
| "description": "TBD", | |
| "changes": [ | |
| { | |
| "subspace": "mint", | |
| "key": "InflationMin", | |
| "value": 0.01 | |
| }, | |
| { |
| { | |
| "title": "Slash for Equivocation on Neutron. Corrected Prop 818", | |
| "description": "Corrected Parameters for prop 818. ", | |
| "equivocations": [ | |
| { | |
| "height": 16596292, | |
| "time": "2023-08-16T0:00:0.0", | |
| "power": 258567, | |
| "consensus_address": "cosmosvalcons10rca02th8lyjyuu7pgmstf72q6l2xzyru7zluq" | |
| }, |
| { | |
| "title": "ATOM Halving: Set the max. Inflation Rate to 10%", | |
| "description": "*This proposal seeks to reduce the max_inflation param from 20% to 10%, which would bring ATOM’s current inflation from ~14% to 10% and adjust the Staking APR from ~19% to ~13.4%. Adjusting the inflation schedule has been an important topic for the ATOM community over the past years which is why this proposal is being voted on.*\n\n## Context: Dynamic Inflation Model\n\nATOM currently implements a dynamic inflation rate that ranges between a floor of 7% and a roof of 20%. The rate is pegged to a bonded *or staked*-ratio of ⅔.\n\nIf less than ⅔ of all ATOMs are staked, the inflation rate increases in order to incentivize staking aka. securing the chain. The velocity at which the inflation rate adjusts on a block-by-block basis is set by the *inflation_change* param and based on the following formula: *(1 - [bonded ratio]% / 66% ) * 1 = [inflation rate change]% per year*\n\nAt the time of writing, the bonded ratio for ATOM is 65. |