Introduction: This proposal builds on u/mrgauel's idea to increase the power for the Buy and Burn Bot (BBB)
Motivation: The proposal suggests that anyone who pays for unbacked dUSD should contribute to this, not just the dToken liquidity providers. Thus, the proposal recommends redirecting 10% of all crypto pool rewards (excluding the dUSD-DFI pool) to the BBB, which currently receives 40.42 DFI according to Defichain Analytics. This would mean redirecting 4.042 DFI per block to the BBB.
Details:
If the DEX fee is reduced to 10%, the crypto pool rewards will be reinstated.
All redirected rewards will be burned and NOT used for negative interests.
Outlook: In terms of long-term goals, Julian and U-Zyn have expressed interest in exploring the possibility of LM pools functioning without inflation rewards. Their vision entails liquidity providers receiving solely commissions. This proposal could be the first step towards realizing this objective.
Non-obligation
I understand that vote of confidence for DFIP carries no obligations by any developers to implement the proposals. DeFiChain is a community projects. Pull requests can be submitted by community and reserved to be evaluated for safety and general community acceptance.
DFIP Overview
Describe your proposal
Introduction: This proposal builds on u/mrgauel's idea to increase the power for the Buy and Burn Bot (BBB)
Motivation: The proposal suggests that anyone who pays for unbacked dUSD should contribute to this, not just the dToken liquidity providers. Thus, the proposal recommends redirecting 10% of all crypto pool rewards (excluding the dUSD-DFI pool) to the BBB, which currently receives 40.42 DFI according to Defichain Analytics. This would mean redirecting 4.042 DFI per block to the BBB.
Details:
If the DEX fee is reduced to 10%, the crypto pool rewards will be reinstated.
All redirected rewards will be burned and NOT used for negative interests.
Outlook: In terms of long-term goals, Julian and U-Zyn have expressed interest in exploring the possibility of LM pools functioning without inflation rewards. Their vision entails liquidity providers receiving solely commissions. This proposal could be the first step towards realizing this objective.
Non-obligation
I understand that vote of confidence for DFIP carries no obligations by any developers to implement the proposals. DeFiChain is a community projects. Pull requests can be submitted by community and reserved to be evaluated for safety and general community acceptance.