Increase buy-burn bot Rewards through dToken Rewards

DFIP Overview

Requester(s): u/mrgauel
Reddit discussion thread (optional): https://www.reddit.com/r/defiblockchain/comments/11d5see/increase_buyburn_bot_rewards_through_dtoken/

Screenshot 2023-03-07 at 12 17 12 PM

Describe your proposal

Summary

Redirect 50% of all dToken Rewards to the Buy-Burn-Bot

Details

Reduce dToken Rewards (39.86 DFI / Block)

additional 50% of the dUSD-DFI Pool (2.99 DFI / Block)
50% of dUSDC-dUSD and dUSDT-dUSD Pools (3.99 DFI / Block)
50% of dToken-dUSD Pools (12.975 DFI / Block)

Redirect those reduced rewards (19.955 DFI / Block) to the Buy-Burn-Bot

Depending on the Algo-Ratio and dUSD Price the redirect will be deactivated to stabilise the dUSD price as soon as we get closer to the peg

dUSD >= $0.95 $1.0$ (without dex fee) in stablecoin pools and algo-ratio below 50% all stablecoin rewards will be reactivated
below threshold for 2880 blocks (24h)

DEX Fee is reduced to 20% all dToken-dUSD Pools rewards will be reactivated DEX Fee is reduced to 10% the dUSD-DFI Pool rewards will be reactivated

How does this DFIP benefit the DeFiChain community?

Motivation

Transfer 50% of the redirect Rewards from dUSD to DFI by negative interest
50% of the redirected rewards are burned
50% of redirected rewards will be paid out as negative interest to incentivise holding DFI and not selling dUSD to other cryptocurrencies to keep the money in the system
Reduces dUSD in circulation

Update: 4th of March 8:25pm (CET) Reactivation of stablecoin pools only at >= $1.0 instead of >= $0.95

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.

DeFiCh / dfips