CMP-2022/3 - Inactivity Tax Optimizations
To optimize the BNB/MONSTA liquidity pool health on PancakeSwap, we hereby propose to change the weightings for the inactivty tax (iTax) smart contract logic, the removal of the currently attached LP burn, and the introduction of a baked (staked) refund. Currently 30% is sold for the Vault and 70% is burnt from the LP (with a 5% of LP cap).
To ease pressure on our LP we think it is crucial to remove the logic that burns MONSTA from the LP upon each iTax. The current 5% max LP burn actually slows down deflation and proposed changes will increase it again whilst maintaining pool health.
Furthermore, refunds should be paid out in bMONSTA (Baked Monsta) when requested to help lock up more MONSTA supply and ease future pressure on the LP.
Please vote on one of the following changes: *Baked Refund = BR **Option 4/5 involve an increase of iTax from 30% to 40%
Off-Chain Vote
10% Burn. 20% Vault. 5% BR
2.11M MONSTA0.2%
15% Burn. 15% Vault. 5% BR
250K MONSTA0%
20% Burn. 10% Vault. 5% BR
459.65K MONSTA0%
20% Burn. 20% Vault. 10% BR
190.25M MONSTA19.4%
25% Burn. 15% Vault. 10% BR
787.53M MONSTA80.3%
Abstain
0 MONSTA0%
Timeline
Apr 12, 2022Proposal created
Apr 12, 2022Proposal vote started
Apr 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated