Referendum #58 · whitelisted caller · fact-checked
Burn 22,526,355.840659541372 VARA from the inflation-offset pool
Original title: [Whitelisted Caller] Referendum #58: Burn 22,526,355 VARA from Inflation Offset Pool
Governance: Executed · Dispatch succeeded
Submitted 2025-09-17T15:40:15.000Z · 2025-09-17T21:24:21.000Z
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 burned the accumulated 22,526,355.840659541372 VARA inflation offset and returned total issuance to exactly 10 billion VARA.
Why it mattered
The inflation-offset pool exists to counter issuance from staking rewards; burning its accumulated balance removed the offset amount from total supply.
An Aye vote meant…
An Aye vote supported burning the specified balance from the inflation-offset account.
A Nay vote meant…
A Nay vote opposed that burn.
What happened or is happening
The balances.burn value was 22,526,355,840,659,541,372 planck. The call used keepAlive=true, so it was not intended to reap the source account. Historical total-issuance state changed by the exact encoded burn amount.
At the execution block, Balances.TotalIssuance changed from 10,022,526,355.840659541372 VARA to exactly 10,000,000,000 VARA.
Dispatch as the specified inflation-offset account and burn 22,526,355.840659541372 VARA while keeping that account alive.
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 10,022,526,355.840659541372 VARA to exactly 10,000,000,000 VARA.
Promised outcomes
- Burn 22,526,355.840659541372 VARA from the specified inflation-offset account.
Verified outcomes
- The dispatch returned success.
- Historical chain state shows total issuance fell by exactly 22,526,355.840659541372 VARA to 10 billion.
Follow-up: verified-complete
- Archived state values in planck: 10022526355840659541372 before and 10000000000000000000000 after execution.
Further explanation and reporting
No additional reporting has been published for this referendum.
Details and evidence
Participation
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 | 52 |
|---|---|
| Delegating addresses | 0 |
| Raw capital (VARA) | 3011112912 |
| Weighted Aye power (VARA) | 301111291.2 |
| Weighted Nay power (VARA) | 0 |
| Approval (%) | 100 |
| Raw capital / captured electorate (%) | 30.0440131 |
| Support capital (VARA) | 3011112912 |
| Top-one share (%) | 5.16753 |
| Top-three share (%) | 15.50258 |
| HHI (0–10,000) | 271.04471 |
| Gini (0–1) | 0.31136373 |
Proposal history
Proposal history
| Referendum | Governance | Execution | Direct addresses |
|---|
Timeline
Timeline
- Submitted · 2025-09-17T15:40:15.000Z · block 26128244
- DecisionDepositPlaced · 2025-09-17T15:53:27.000Z · block 26128508
- DecisionStarted · 2025-09-17T16:10:15.000Z · block 26128844
- ConfirmStarted · 2025-09-17T21:04:18.000Z · block 26134708
- Confirmed · 2025-09-17T21:14:21.000Z · block 26134908
- Executed · 2025-09-17T21:24:21.000Z · block 26135108
Technical call tree
Technical call tree
The balances.burn value was 22,526,355,840,659,541,372 planck. The call used keepAlive=true, so it was not intended to reap the source account. Historical total-issuance state changed by the exact encoded burn amount.
{
"call": {
"callIndex": "0x1503",
"section": "whitelist",
"method": "dispatchWhitelistedCallWithPreimage",
"args": [
{
"name": "call",
"type": "Call",
"value": {
"callIndex": "0x0803",
"section": "utility",
"method": "dispatchAs",
"args": [
{
"name": "asOrigin",
"type": "VaraRuntimeOriginCaller",
"value": {
"system": {
"signed": "kGi1Ui7VXBFmPdogf86Zdy71q51YLBnWt6n8iuGAAsaiCW5GG"
}
}
},
{
"name": "call",
"type": "Call",
"value": {
"callIndex": "0x050a",
"section": "balances",
"method": "burn",
"args": [
{
"name": "value",
"type": "Compact<u128>",
"value": "22526355840659541372"
},
{
"name": "keepAlive",
"type": "bool",
"value": true
}
]
}
}
]
}
}
]
},
"nestedCalls": [
{
"depth": 0,
"callIndex": "0x1503",
"section": "whitelist",
"method": "dispatchWhitelistedCallWithPreimage"
},
{
"depth": 1,
"callIndex": "0x0803",
"section": "utility",
"method": "dispatchAs"
},
{
"depth": 2,
"callIndex": "0x050a",
"section": "balances",
"method": "burn"
}
],
"limitations": []
}Historical track parameters
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
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
Sources
- subsquare · retrieved 2026-10-14T00:46:33.897Z · block 26128244
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 26135108
Balances.TotalIssuance compared at the parent block and referendum execution block.
Corrections
Corrections
No corrections recorded.