SORA is a new economic system aimed at creating a supranational, world economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
At the release of the SORA Synthetics (XST) we redirected the 10% of the VAL and PSWAP remints to go to buy back and burn XST as it was used for funding.
Since then the tokenomics changed to use TBCD to be used for funding. Therefore, we need to redirect the 10% remints of PSWAP and VAL to buy back and burn TBCD.
Additionally we want the margin of TBC to go buy-back and burn TBCD as well.
Problem statement
At the release of the SORA Synthetics (XST) we redirected the 10% of the VAL and PSWAP remints to go to buy back and burn XST as it was used for funding.
Since then the tokenomics changed to use TBCD to be used for funding. Therefore, we need to redirect the 10% remints of PSWAP and VAL to buy back and burn TBCD.
Additionally we want the margin of TBC to go buy-back and burn TBCD as well.
https://github.com/sora-xor/sora2-network/issues/130 https://github.com/sora-xor/sora2-network/issues/343
Description
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Definition of Done
Requirements
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Documentation