White-Whale-Defi-Platform / migaloo-chain

Migaloo is a cosmwasm-powered, permissionless blockchain for building decentralized applications.

https://migaloo.zone

MIT License

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Fee burn mechanism #296

Closed tungle-notional closed 8 months ago

tungle-notional commented 8 months ago

299

Feeburn module - whitewhale

Purpose

Burn an amount of transaction fee

Requirement

Change percentage of transaction fee to burn

Solution

Create a module that update percentage of the fee to be burnt and use ante handler to burn a part of transaction fee

Implementation

Data structure

feeBurnPercent: the percentage of fee to be burn

Msg server

UpdateFeeBurnPercent: edit the percentage of fee to be burnt

Ante handler

Running logic to burn a part of transaction fee before each transaction.