Referendum #23 · whitelisted caller · fact-checked

Return total VARA issuance to exactly 10 billion

Original title: [Whitelisted Caller] Referendum #23: Align total supply to 10B

Governance: Executed · Dispatch succeeded

Submitted 2024-03-15T13:10:39.000Z · 2024-03-21T15:48:03.000Z

Verification date in this record: 2026-10-14. This is not a live chain status check.

What this referendum means

What was proposed?

This referendum reduced total issuance by 3,851.083448969781 VARA, returning the network to exactly 10 billion VARA.

Why it mattered

The action offset issuance above the network's 10-billion target rather than allowing that excess to remain in total supply.

An Aye vote meant…

An Aye vote supported aligning total issuance to exactly 10 billion VARA.

A Nay vote meant…

A Nay vote opposed that supply adjustment.

What happened or is happening

The target argument was 10,000,000,000,000,000,000,000 planck. With 10^12 planck per VARA, that is exactly 10 billion VARA; the archived state transition verifies the resulting issuance.

At the execution block, Balances.TotalIssuance changed from 10,000,003,851.083448969781 VARA to exactly 10,000,000,000 VARA.

Call stakingRewards.alignSupply with a target of 10,000,000,000 VARA.

No separate off-chain action was required by the encoded call.

Observable on-chain result

Dispatch returned success.

At the execution block, Balances.TotalIssuance changed from 10,000,003,851.083448969781 VARA to exactly 10,000,000,000 VARA.

Promised outcomes

Align total issuance to exactly 10 billion VARA.

Verified outcomes

The dispatch returned success.
Historical chain state shows total issuance fell by 3,851.083448969781 VARA to exactly 10 billion.

Follow-up: verified-complete

Archived state values in planck: 10000003851083448969781 before and 10000000000000000000000 after execution.

Further explanation and reporting

No additional reporting has been published for this referendum.

Details and evidence

Participation

Calculation status: complete. Address-level figures are not counts of distinct people or organizations.

Individual vote rows reconcile to the aggregate capital total. Concentration treats delegated capital as controlled by the account casting the direct vote.

Direct addresses	45
Delegating addresses	0
Raw capital (VARA)	2369014250
Weighted Aye power (VARA)	236928515
Weighted Nay power (VARA)	0
Approval (%)	100
Raw capital / captured electorate (%)	23.69013338
Support capital (VARA)	2369014250
Top-one share (%)	6.43677
Top-three share (%)	19.31032
HHI (0–10,000)	360.09481
Gini (0–1)	0.39036067

Proposal history

Referendum	Governance	Execution	Direct addresses

Timeline

Submitted · 2024-03-15T13:10:39.000Z · block 10304606
DecisionStarted · 2024-03-20T11:51:57.000Z · block 10447025
DecisionDepositPlaced · 2024-03-20T11:51:57.000Z · block 10447025
ConfirmStarted · 2024-03-21T15:27:45.000Z · block 10480082
Confirmed · 2024-03-21T15:37:51.000Z · block 10480282
Executed · 2024-03-21T15:48:03.000Z · block 10480482

Technical call tree

The target argument was 10,000,000,000,000,000,000,000 planck. With 10^12 planck per VARA, that is exactly 10 billion VARA; the archived state transition verifies the resulting issuance.

{
  "call": {
    "callIndex": "0x1503",
    "section": "whitelist",
    "method": "dispatchWhitelistedCallWithPreimage",
    "args": [
      {
        "name": "call",
        "type": "Call",
        "value": {
          "callIndex": "0x6a03",
          "section": "stakingRewards",
          "method": "alignSupply",
          "args": [
            {
              "name": "target",
              "type": "u128",
              "value": "10000000000000000000000"
            }
          ]
        }
      }
    ]
  },
  "nestedCalls": [
    {
      "depth": 0,
      "callIndex": "0x1503",
      "section": "whitelist",
      "method": "dispatchWhitelistedCallWithPreimage"
    },
    {
      "depth": 1,
      "callIndex": "0x6a03",
      "section": "stakingRewards",
      "method": "alignSupply"
    }
  ],
  "limitations": []
}

Historical track parameters

{
  "maxDeciding": 100,
  "preparePeriodBlocks": 600,
  "decisionPeriodBlocks": 403200,
  "confirmationPeriodBlocks": 200,
  "minimumEnactmentBlocks": 200,
  "decisionDeposit": {
    "planck": "100000000000000000",
    "vara": "100000"
  },
  "approvalCurve": {
    "reciprocal": {
      "factor": 270899180,
      "xOffset": 389830523,
      "yOffset": 305084738
    }
  },
  "supportCurve": {
    "reciprocal": {
      "factor": 8650766,
      "xOffset": 18867926,
      "yOffset": 41509433
    }
  }
}

Deposits

Governance deposits are not proposal spending.

{
  "submission": {
    "depositor": "kGgQqLXhVVMv85XDy1v5AE6HVBG1tkAwURrdmq1ewbmGMCaGH",
    "amount": {
      "planck": "100000000000000",
      "vara": "100"
    }
  },
  "decision": {
    "depositor": "kGhAjUA3Uke6UmWwMRRwFHuxisCgm7dab61sL1tKqA15NXQVX",
    "amount": {
      "planck": "100000000000000000",
      "vara": "100000"
    }
  },
  "outcome": "unknown"
}

Sources

subsquare · retrieved 2026-10-14T00:46:33.897Z · block 10304606
Public server-rendered page data captured before editorial translation.
subsquare · retrieved 2026-10-14T00:56:36.175Z
Public final vote rows used for voter counts, conviction values, delegation aggregates, and concentration calculations.
vara-chain · retrieved 2026-10-14T19:13:28.591Z · block 10480482
Balances.TotalIssuance compared at the parent block and referendum execution block.

Corrections

No corrections recorded.

Learn the terms

OpenGov · Referendum · Proposal · Preimage · Proposal hash · Runtime call