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zeekay
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Restructured from flat .tex/.pdf files into per-paper subdirectories. Added Antje Worring as co-author on all papers. Synced PDFs to pdfs/ for download site.
22 lines
911 B
TeX
22 lines
911 B
TeX
\section{Tokenomics: 2022 Model vs.\ Current}
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The 2022 paper proposed an equation-of-exchange valuation model
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(Burniske: $MV = PQ$; Buterin: $MC = TH$) with an 8\% initial
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inflation decreasing 15\% annually to a 1.5\% floor, and
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staking rewards distributed proportionally to validators.
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The current Lux Network uses a fixed supply of 10B LUX with no
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inflation. Validator rewards come from transaction fees, not
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token emission. The equation-of-exchange model was not adopted
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--- the market moved toward fee-burn models (EIP-1559 style)
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rather than inflation-funded staking.
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The RWA-backed stable currencies (LUXG gold-pegged, LUXU
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uranium-pegged) described in the 2022 paper remain a design
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option; deployed stablecoins are USD-backed via registered
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custodians. (GLUX was the Lux governance token briefly and
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is unrelated to gold collateral.)
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%% ============================================================
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