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feat(x/mint): Add max supply param (#19896)
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Co-authored-by: Marko <marko@baricevic.me>
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likhita-809 and tac0turtle authored May 3, 2024
1 parent 74966c9 commit 52dbcc1
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Showing 15 changed files with 297 additions and 65 deletions.
111 changes: 94 additions & 17 deletions api/cosmos/mint/v1beta1/mint.pulsar.go

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2 changes: 1 addition & 1 deletion tests/e2e/mint/grpc.go
Original file line number Diff line number Diff line change
Expand Up @@ -29,7 +29,7 @@ func (s *E2ETestSuite) TestQueryGRPC() {
&minttypes.QueryParamsResponse{},
&minttypes.QueryParamsResponse{
Params: minttypes.NewParams("stake", math.LegacyNewDecWithPrec(13, 2), math.LegacyNewDecWithPrec(100, 2),
math.LegacyNewDec(1), math.LegacyNewDecWithPrec(67, 2), (60 * 60 * 8766 / 5)),
math.LegacyNewDec(1), math.LegacyNewDecWithPrec(67, 2), (60 * 60 * 8766 / 5), math.ZeroInt()),
},
},
{
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2 changes: 2 additions & 0 deletions x/mint/CHANGELOG.md
Original file line number Diff line number Diff line change
Expand Up @@ -27,6 +27,8 @@ Ref: https://keepachangelog.com/en/1.0.0/

### Features

* [19896](https://github.com/cosmos/cosmos-sdk/pull/19896) Added a new max supply genesis param to existing params.

### Improvements

### API Breaking Changes
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31 changes: 20 additions & 11 deletions x/mint/README.md
Original file line number Diff line number Diff line change
Expand Up @@ -63,17 +63,21 @@ https://github.com/cosmos/cosmos-sdk/blob/v0.47.0-rc1/proto/cosmos/mint/v1beta1/

The mint module stores its params in state with the prefix of `0x01`,
it can be updated with governance or the address with authority.
**Note:** With the latest update, the addition of the `MaxSupply` parameter allows controlling the maximum supply of tokens minted by the module.
A value of `0` indicates an unlimited supply.

* Params: `mint/params -> legacy_amino(params)`

```protobuf reference
https://github.com/cosmos/cosmos-sdk/blob/v0.47.0-rc1/proto/cosmos/mint/v1beta1/mint.proto#L26-L59
https://github.com/cosmos/cosmos-sdk/blob/7068d0da52d954430054768b2c56aff44666933b/x/mint/proto/cosmos/mint/v1beta1/mint.proto#L26-L68
```

## Begin-Block

Minting parameters are recalculated and inflation paid at the beginning of each block.

The minting logic in the `BeginBlocker` function provides an optional feature for controlling token minting based on the maximum allowable supply (MaxSupply). This feature allows users to adjust the minting process according to their specific requirements and use cases. However, it's important to note that the MaxSupply parameter is independent of the minting process and assumes that any adjustments to the total supply, including burning tokens, are handled by external modules.

### Inflation rate calculation

Inflation rate is calculated using an "inflation calculation function" that's
Expand Down Expand Up @@ -136,15 +140,17 @@ BlockProvision(params Params) sdk.Coin {
## Parameters
The minting module contains the following parameters:
Note: `0` indicates unlimited supply for MaxSupply param
| Key | Type | Example |
|---------------------|-----------------|------------------------|
| MintDenom | string | "uatom" |
| InflationRateChange | string (dec) | "0.130000000000000000" |
| InflationMax | string (dec) | "0.200000000000000000" |
| InflationMin | string (dec) | "0.070000000000000000" |
| GoalBonded | string (dec) | "0.670000000000000000" |
| BlocksPerYear | string (uint64) | "6311520" |
| Key | Type | Example |
|---------------------|------------------|------------------------|
| MintDenom | string | "uatom" |
| InflationRateChange | string (dec) | "0.130000000000000000" |
| InflationMax | string (dec) | "0.200000000000000000" |
| InflationMin | string (dec) | "0.070000000000000000" |
| GoalBonded | string (dec) | "0.670000000000000000" |
| BlocksPerYear | string (uint64) | "6311520" |
| MaxSupply | string (math.Int)| "0" |
## Events
Expand Down Expand Up @@ -232,6 +238,7 @@ inflation_max: "0.200000000000000000"
inflation_min: "0.070000000000000000"
inflation_rate_change: "0.130000000000000000"
mint_denom: stake
max_supply: "0"
```
### gRPC
Expand Down Expand Up @@ -306,7 +313,8 @@ Example Output:
"inflationMax": "200000000000000000",
"inflationMin": "70000000000000000",
"goalBonded": "670000000000000000",
"blocksPerYear": "6311520"
"blocksPerYear": "6311520",
"maxSupply": "0",
}
}
```
Expand Down Expand Up @@ -377,7 +385,8 @@ Example Output:
"inflationMax": "200000000000000000",
"inflationMin": "70000000000000000",
"goalBonded": "670000000000000000",
"blocksPerYear": "6311520"
"blocksPerYear": "6311520",
"maxSupply": "0",
}
}
```
32 changes: 28 additions & 4 deletions x/mint/keeper/abci.go
Original file line number Diff line number Diff line change
Expand Up @@ -36,19 +36,43 @@ func (k Keeper) BeginBlocker(ctx context.Context, ic types.InflationCalculationF
return err
}

// update minter's inflation and annual provisions
minter.Inflation = ic(ctx, minter, params, bondedRatio)
minter.AnnualProvisions = minter.NextAnnualProvisions(params, totalStakingSupply)
if err = k.Minter.Set(ctx, minter); err != nil {
return err
}

// mint coins, update supply
// calculate minted coins
mintedCoin := minter.BlockProvision(params)
mintedCoins := sdk.NewCoins(mintedCoin)

err = k.MintCoins(ctx, mintedCoins)
if err != nil {
return err
maxSupply := params.MaxSupply
totalSupply := k.bankKeeper.GetSupply(ctx, params.MintDenom).Amount // fetch total supply from the bank module

// if maxSupply is not infinite, check against max_supply parameter
if !maxSupply.IsZero() {
if totalSupply.Add(mintedCoins.AmountOf(params.MintDenom)).GT(maxSupply) {
// calculate the difference between maxSupply and totalSupply
diff := maxSupply.Sub(totalSupply)
// mint the difference
diffCoin := sdk.NewCoin(params.MintDenom, diff)
diffCoins := sdk.NewCoins(diffCoin)

// mint coins
if err := k.MintCoins(ctx, diffCoins); err != nil {
return err
}
mintedCoins = diffCoins
}
}

// mint coins if maxSupply is infinite or total staking supply is less than maxSupply
if maxSupply.IsZero() || totalSupply.Add(mintedCoins.AmountOf(params.MintDenom)).LT(maxSupply) {
// mint coins
if err := k.MintCoins(ctx, mintedCoins); err != nil {
return err
}
}

// send the minted coins to the fee collector account
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1 change: 1 addition & 0 deletions x/mint/keeper/genesis_test.go
Original file line number Diff line number Diff line change
Expand Up @@ -71,6 +71,7 @@ func (s *GenesisTestSuite) TestImportExportGenesis() {
math.LegacyNewDecWithPrec(9, 2),
math.LegacyNewDecWithPrec(69, 2),
uint64(60*60*8766/5),
math.ZeroInt(),
)

err := s.keeper.InitGenesis(s.sdkCtx, s.accountKeeper, genesisState)
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