Currently, ApeSwap utilizes 60% of our DEX fees to perform buybacks and burns (with the remaining 40% going to the ApeSwap Treasury for the long term sustainability of ApeSwap). This proposal is intended to explore the option of using a portion of the buy back and burn fees for a continuous burning mechanism via ApeSwap’s upcoming burning vaults.

Option 1: No Change

No change occurs. ApeSwap will continue using 60% of DEX fees to perform buybacks and burns of BANANA tokens.

Option 2: Use 10% in ApeSwap Burning Vaults

ApeSwap would use 10% of DEX fees to acquire blue chip cryptocurrencies and stablecoins which would permanently be left in ApeSwap’s burning vaults. Specifically, the new breakdown of DEX fees would be as follows:

• 50% BANANA Buyback and Burns
• 40% ApeSwap Treasury
• 10% Burning Vaults

Resources / Context

With the roll out of ApeSwap’s vaulting functionality, we plan to include specific vaults which take 100% of rewards earned to buy back and burn (or just burn) BANANAs. These vaults will provide no ROI or accumulate LP tokens, but will be used to burn BANANA.