Polkadot 批准公投 1139：但這對 DOT 意味著什麼？

Polkadot 計劃降低其 DOT 排放量。上週，社區投票決定在未來幾週內將 DOT 通膨率從 10% 降至 8%

Polkadot (DOT) price has been trending lower in 2023, despite the network’s native token rallying over 200% from lows last year.

儘管 Polkadot (DOT) 網路的原生代幣較去年的低點上漲了 200% 以上，但 Polkadot (DOT) 的價格在 2023 年一直呈下降趨勢。

However, DOT price is now up over 70% year-to-date, outperforming Bitcoin and Ethereum. But could recent Polkadot DAO decisions impact DOT price?

然而，DOT 價格今年迄今已上漲 70% 以上，表現優於比特幣和以太幣。但最近 Polkadot DAO 的決定會影響 DOT 價格嗎？

Polkadot DAO has voted to reduce the network’s inflation rate from the current 10% to 8%, with plans to gradually lower it over time. But will this support DOT price or will bears remain in control?

Polkadot DAO 已投票決定將網路的通貨膨脹率從目前的 10% 降低至 8%，並計劃隨著時間的推移逐步降低。但這會支撐 DOT 價格還是空頭會繼續控制局面？

Polkadot DAO Approves Referendum 1139

Polkadot DAO 批准公投 1139

Polkadot (DOT) price will become scarcer over time as the network plans to reduce its inflation rate. Last week, Polkadot community members voted in favor of reducing the DOT inflation rate from 10% to 8% over the coming weeks.

Polkadot DAO 批准公投 1139 隨著網路計畫降低通貨膨脹率，Polkadot (DOT) 的價格將隨著時間的推移變得更加稀缺。上週，Polkadot 社區成員投票贊成在未來幾週內將 DOT 通膨率從 10% 降低至 8%。

This decision was made after Polkadot DAO approved Referendum 1139. Of the total vote, over 77% of voters, representing over 63 million DOT, were in favor of this proposal.

這項決定是在 Polkadot DAO 批准公投 1139 後做出的。

The proposal aimed to reduce the platform’s treasury emissions, which are currently fully inflationary. But this will be achieved by reducing the new issuance of DOT.

該提案旨在減少該平台的國庫排放，目前這些排放已完全通膨。但這將透過減少DOT的新發行量來實現。

The objective was to align the platform’s inflation mechanism with its current operational dynamics, which keeps in mind the network’s original inflation mechanism.

目標是使平台的通膨機制與其當前的營運動態保持一致，同時牢記網路原始的通膨機制。

Initially, the plan was to tie inflation with the staking rate. However, considering the recent sequence of events, especially around network usage, the current inflation rate is no longer optimal.

最初，該計劃是將通貨膨脹與質押率連結起來。然而，考慮到最近發生的一系列事件，特別是圍繞網路使用情況，當前的通貨膨脹率不再是最佳的。

Specifically, the introduction of Agile Coretime, which makes the crowdloan model redundant, is pushing inflation higher and to excessive levels.

具體來說，Agile Coretime 的引入使得眾貸模式變得多餘，正在推高通膨並達到過高水準。

Agile Coretime Pushes Polkadot Inflation

敏捷 Coretime 推動 Polkadot 通膨

Agile Coretime, which came into force in Q3 2024, introduces a spot market for core time. Here, users can buy the network’s core time or processing power in real time, leading to more flexibility.

Agile Coretime 推動 Polkadot 通膨Agile Coretime 於 2024 年第三季生效，引入了核心時間現貨市場。在這裡，用戶可以即時購買網路的核心時間或處理能力，從而帶來更大的靈活性。

Unlike the crowd loan model, core time is agile, meaning it is more market-driven and efficient.

與眾貸模式不同的是，核心時間是敏捷的，這意味著它更加市場驅動和有效率。

However, this also means that network users can now fully utilize the network’s processing power without having to participate in crowdloans. As a result, staking participation and the amount of DOT being bonded will decrease.

然而，這也意味著網路使用者現在可以充分利用網路的處理能力，而無需參與眾貸。因此，質押參與度和綁定的 DOT 數量將會減少。

This, in turn, will lead to a lower average staking rate and higher inflation. To counter this, the proposal suggests reducing the inflation rate from 10% to 8%.

反過來，這將導致平均質押率降低和通膨上升。為了解決這個問題，該提案建議將通貨膨脹率從 10% 降低至 8%。

Will DOT Price Rise as Inflation Drops?

隨著通膨下降，DOT 價格會上漲嗎？

With less inflation, new issuance of DOT will become scarcer over time, potentially supporting prices. Eventually, Polkadot plans to reduce inflation to around 120 million per year through inflation and by coretime burns.

隨著通貨膨脹的下降，DOT 的價格會上漲嗎？最終，Polkadot 計劃透過通膨和核心時間銷毀將通膨率降低至每年 1.2 億左右。

Even so, whether this will support DOT prices remains to be seen. The coin has been trending lower, as the daily chart below shows. DOT is down nearly 70% from March highs.

即便如此，這是否會支撐 DOT 價格仍有待觀察。正如下面的日線圖所示，代幣一直在走低。 DOT 較 3 月高點下跌近 70%。

(DOTUSDT) price on Binance日からチャート. 出典: TradingView

Binance 圖表上的 (DOTUSDT) 價格來源：TradingView。

Moreover, while Polkadot plans to shave inflation, adoption levels remain lower than the set inflation rate. At the same time, with fewer DOT available, it means only a few will trickle into the Polkadot Treasury.

此外，雖然 Polkadot 計劃削減通貨膨脹，但採用水準仍低於設定的通貨膨脹率。同時，由於可用的 DOT 較少，這意味著只有少數會流入 Polkadot 金庫。

Whether this will significantly impact how the platform (Foundation) funds new projects and boost ecosystem developments remains to be seen.

這是否會顯著影響平台（基金會）資助新計畫和促進生態系統發展的方式還有待觀察。