diff --git a/docs/economics/inflation/terminology.md b/docs/economics/inflation/terminology.md index e8526d500..4b4db2af1 100644 --- a/docs/economics/inflation/terminology.md +++ b/docs/economics/inflation/terminology.md @@ -48,24 +48,24 @@ _Inflation Schedule_. - While the _Inflation Schedule_ determines how the protocol issues SOL, this neglects the concurrent elimination of tokens in the ecosystem due to various factors. The primary token burning mechanism is the burning of a portion of - each transaction fee. $50\%$ of each transaction fee is burned, with the + each transaction fee. $50$% of each transaction fee is burned, with the remaining fee retained by the validator that processes the transaction. - Additional factors such as loss of private keys and slashing events should also be considered in a holistic analysis of the _Effective Inflation Rate_. - For example, it's estimated that $10-20\%$ of all BTC have been lost and are + For example, it's estimated that $10-20$% of all BTC have been lost and are unrecoverable and that networks may experience similar yearly losses at the - rate of $1-2\%$. + rate of $1-2$%. ### Staking Yield [%] The rate of return (aka _interest_) earned on SOL staked on the network. It is often quoted as an annualized rate (e.g. "the network _staking yield_ is -currently $10\%$ per year"). +currently $10$% per year"). - _Staking yield_ is of great interest to validators and token holders who wish to delegate their tokens to avoid token dilution due to inflation (the extent of which is discussed below). -- $100\%$ of inflationary issuances are to be distributed to staked +- $100$% of inflationary issuances are to be distributed to staked token-holders in proportion to their staked SOL and to validators who charge a commission on the rewards earned by their delegated SOL. - There may be future consideration for an additional split of inflation