New Economic Policy for Terra Classic: Set of 4 Proposals to Align Incentives

Governance & Proposals
96

According to dfunk’s prop for the smartcontract exemption it’s exempting the following:

"Proposal
Should this proposal go through, the following transaction types will be excluded from the scope of burn tax:

  • MsgExecuteContract
  • MsgExecute
  • MsgInstantiateContract"

This would apply across the board, not isolated to a particular dapp or dapps, as far as I am aware. From his thread he reported:

"In a nutshull,

  • ~97% of the burn tax comes from Send Transactions (MsgSend, MsgMultiSend, MsgSwapSend) - particularly MsgSend transactions,
  • while only ~3% of the burn tax comes from Contract Executions (MsgExecuteContract, MsgExecute, MsgInstantiateContract) - particularly MsgExecuteContract transactions."

I suggest you review the prop specifically [Proposal] Exclude Smart Contraction Transactions from the scope of Burn Tax as it’s not detailed in this thread the particulars, and you can update your comment if suitable.