Perbill

A fixed-point proportion measured in parts per billion.

In plain language

A Perbill raw value of 1,000,000,000 equals 100%; 100,000,000 equals 10%; and 10 equals 0.000001%.

Why it matters

Misreading the scale can turn a tiny parameter into an apparent 10% value.

Real Vara examples

ReferendumGovernanceExecutionDirect addresses
#4 Set the initial nomination-pool bond and commission configuration

This referendum configured two entry thresholds for nomination pools and wrote a very small raw commission-cap value.

ExecutedDispatch succeeded65
#12 Set the nomination-pool commission cap to 10%

This referendum set the maximum commission a nomination pool may charge to 10%.

ExecutedDispatch succeeded41

Related terms

Nomination-pool commission · Target inflation · Runtime