Stellar (XLM) announced that it intends to remove its inflation feature in an upcoming upgrade.
According to the Stellar Development Foundation’s (SDF) blog post published on September 30, developers are keen to discard the inflation tool.
The blog post said the protocol’s new incarnation, version 12, should no longer include it. The post reads:
“After listening to what everyone had to say and weighing the pros and cons, here’s what the SDF is asking validators to consider: we think it’s a good idea to disable the current inflation mechanism. We’ve implemented a change in version 12 of Stellar core that would do just that, and we encourage validators to vote to accept it.”
Network validators will have until October 28 to install the new version 12, at which point developers will analyze the results.
Stellar had included the inflation tool in order for projects to gain extra funds from community payouts. The SDF adds:
“Five years and several million accounts later, it’s clear that inflation doesn’t serve this purpose. Rather than sending inflation to projects building on Stellar, the majority of users join pools in order to claim that inflation for themselves — if they set their inflation destination at all.”
If the proposal to remove inflation fails, version 13 of the Stellar protocol will reinclude it.