Issuance
Honey does not have a fixed supply, an issuance policy controls the rate at which Honey is minted over time.
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Honey does not have a fixed supply, an issuance policy controls the rate at which Honey is minted over time.
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Issuance refers to the process that mints new Honey. Honey is currently set to increase in supply at a rate of 30% per year. As Honey is added to the supply it is put straight into the Common Pool, where it is available for distribution via proposals. The issuance rate can be adjusted via .
The current issuance policy allows anyone to call a function to mint Honey to the common pool and the amount of Honey issued depends on the issuance rate parameter and number of blocks which has passed since the last time the function was called. Therefore the rate of compounding depends on how frequently this function is called.
It is worth noting that rate of issuance is an important and among the community and the general consensus is that the issuance policy should be modified. As a result of those ongoing discussions, work has been started by the to model and formally propose a to replace the current policy.