Summary:
I suggest evaluating the possibility of limiting the total supply of GRT, by setting a fixed cap of 50 million tokens, or alternatively by locking the maximum supply to the exact number of tokens currently in custody.
Motivation:
The absence of a fixed issuance limit may create uncertainty among investors and reduce the token’s long-term appreciation potential. Cryptocurrencies with limited supply — such as Bitcoin, Dash, Maker, Kusama, and others — have consistently shown higher valuations, greater market approval, and stronger demand precisely due to scarcity.
Specific Proposal:
-
Define a maximum supply cap for GRT (e.g., 50 million tokens).
-
Alternatively, fix the issuance at the current supply in custody, disallowing future increases.
Expected Impact:
-
Increased trust and confidence in the asset among retail and institutional investors.
-
Greater economic predictability of the token.
-
Creation of natural scarcity, driving appreciation and stronger demand for GRT in the market.
Considerations:
-
This proposal requires an in-depth study of the potential impacts on The Graph’s ecosystem, particularly regarding the incentive model for indexers, curators, and delegators.
-
Hybrid models could also be considered, balancing protocol sustainability with the benefits of a fixed supply cap.
