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adlrocha avatar adlrocha commented on August 29, 2024

Related: #233, #69

As discussed sync with @guy-goren, our reference implementation will set base_fee=0 (although we will still allow subnet deployers to choose a different value).

For the circulating supply kept as part of the state in Fendermint, we will update this value with every deposit and withdrawal from/to the subnet through cross-net message, that way we will have an accurate value of the circulating supply that we can use in the FVM.

We won't be following the EIP1559 gas model (we only leverage the interface to interact with the system), which means that no funds will be burnt, and we will reward the gas fees equally to all validators (#169), except a 1% tax (parametrizable) that is sent to the governance account in the subnet.

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adlrocha avatar adlrocha commented on August 29, 2024

@aakoshh, I guess we can close this one, right?. We won't be touching the base_fee in the short-term (I feel we should keep it constant until we have specific user requests).

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