Referendum #56 · whitelisted caller · fact-checked

Reduce Vara's target staking inflation from 6% to 5.5%

No original public title was captured.

Governance: Executed · Dispatch succeeded

Submitted 2025-08-21T13:22:18.001Z · 2025-08-23T16:17:15.000Z

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 Vara's target staking inflation rate from 6% to 5.5%.

Why it mattered

Target inflation influences the network's staking-reward issuance. Changing it affects token economics across validators, nominators and holders rather than a single account.

An Aye vote meant…

An Aye vote supported reducing the target staking inflation rate to 5.5%.

A Nay vote meant…

A Nay vote opposed that reduction and favored leaving the existing target unchanged.

What happened or is happening

The call used stakingRewards.setTargetInflation with p=55 and n=1000. The stored fixed-point value changed from 60,000,000,000,000,000 to 55,000,000,000,000,000, representing 6.0% and 5.5% respectively.

The call executed successfully and historical state shows TargetInflation changing from 6.0% to 5.5%.

Set StakingRewards.TargetInflation to 55/1000, or 5.5%.

No off-chain payment or administrative action was authorized.

Observable on-chain result

Dispatch returned success.

StakingRewards.TargetInflation changed from 6.0% to 5.5% at the execution block.

Promised outcomes

Set Vara's target staking inflation to 5.5%.

Verified outcomes

The dispatch returned success.
Historical state changed from a 6.0% target to a 5.5% target.

Follow-up: verified-complete

Realized staking returns depend on additional network and validator variables.

Still unknown

Target inflation is a protocol parameter; it is not a promise that every staker's realized yield will equal 5.5%.

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	40
Delegating addresses	0
Raw capital (VARA)	2405545430
Weighted Aye power (VARA)	240554543
Weighted Nay power (VARA)	0
Approval (%)	100
Raw capital / captured electorate (%)	24.04496973
Support capital (VARA)	2405545430
Top-one share (%)	6.46839
Top-three share (%)	19.40517
HHI (0–10,000)	361.31395
Gini (0–1)	0.31588021

Proposal history

Referendum	Governance	Execution	Direct addresses

Timeline

Submitted · 2025-08-21T13:22:18.001Z · block 25351691
DecisionDepositPlaced · 2025-08-21T13:22:30.000Z · block 25351695
DecisionStarted · 2025-08-21T13:52:18.000Z · block 25352291
ConfirmStarted · 2025-08-23T15:57:15.000Z · block 25412390
Confirmed · 2025-08-23T16:07:15.000Z · block 25412590
Executed · 2025-08-23T16:17:15.000Z · block 25412790

Technical call tree

{
  "call": {
    "callIndex": "0x1503",
    "section": "whitelist",
    "method": "dispatchWhitelistedCallWithPreimage",
    "args": [
      {
        "name": "call",
        "type": "Call",
        "value": {
          "callIndex": "0x6a03",
          "section": "stakingRewards",
          "method": "setTargetInflation",
          "args": [
            {
              "name": "p",
              "type": "u64",
              "value": "55"
            },
            {
              "name": "n",
              "type": "u64",
              "value": "1000"
            }
          ]
        }
      }
    ]
  },
  "nestedCalls": [
    {
      "depth": 0,
      "callIndex": "0x1503",
      "section": "whitelist",
      "method": "dispatchWhitelistedCallWithPreimage"
    },
    {
      "depth": 1,
      "callIndex": "0x6a03",
      "section": "stakingRewards",
      "method": "setTargetInflation"
    }
  ],
  "limitations": []
}

Historical track parameters

{
  "maxDeciding": 100,
  "preparePeriodBlocks": 600,
  "decisionPeriodBlocks": 403200,
  "confirmationPeriodBlocks": 200,
  "minimumEnactmentBlocks": 200,
  "decisionDeposit": {
    "planck": "1500000000000000000",
    "vara": "1500000"
  },
  "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": "1500000000000000",
      "vara": "1500"
    }
  },
  "decision": {
    "depositor": "kGhAjUA3Uke6UmWwMRRwFHuxisCgm7dab61sL1tKqA15NXQVX",
    "amount": {
      "planck": "1500000000000000000",
      "vara": "1500000"
    }
  },
  "outcome": "unknown"
}

Sources

subsquare · retrieved 2026-10-14T00:46:33.897Z · block 25351691
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 2026-10-14T18:25:38.101Z · block 25412790
Historical StakingRewards.TargetInflation comparison: 60000000000000000 before execution and 55000000000000000 afterward.

Corrections

No corrections recorded.

Learn the terms

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