This will include both MILK-BUSD LP AND MILK-BNB GLP Farms
The purpose of this proposal is to have a greater sustainability of the project by increasing the resources available for marketing and development, while decreasing $MILK supply through the token burns.
This will not affect those deposits made before implementation.
How will these funds be used?
1.- 50% of the funds raised, the portion in MILK, will be burned. 2.- With the remaining 50%, the portion in BUSD or BNB, half will be used for the repurchase of $MILK to generate a new Liquidity Provider (LP) owned by the protocol.
Why the proposal?
1.- Add a new $MILK burning mechanism. 2.-MILK inflation control. 3.- Protocol owning part of the liquidity, an approach to DeFi 2.0 having "Protocol Owned Liquidity". 4.- Positively impacting sustainability strategies
This proposal contemplates 2 options to vote:
1.- Implement a 2% fee at both Farms: MILK-BUSD LP and MILK-BNB-GLP 2.- No changes to any of the farms