Thank you for providing this! If fine tuned, this would definitely be the type of “fail safe” that would prevent a “TERRA/LUNA event”.
With that being said, I’m curious for further clarification upon this proposal:
While I recognize it says each Node Provider is capped at 100k ICP monthly, I’m curious if this applies to Nodes or the Node Providers themselves. Some Node Providers host dozens of nodes, and are already running extremely close to this 100k hard cap.
However, based off my math, with this hard cap in place, the maximum monthly inflation should be ~9.6M ICP (assuming the proposal is correct in categorizing Node Providers).
Ironically, this hard cap actually results in more extreme inflation than where we stopped (0.25$) within the inflation extrapolation model.