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CashCow ProtocolCashCow Protocolby0x6A7187B041729313e6Ef3A1dD4AAc45A302F0fEe0x6A71…0fEe

Proposal 3 - Implement a 2% fee on MILK Farms

Voting ended almost 4 years agoSucceeded

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

Off-Chain Vote

Implement a 2% fee at both Farms
23.31K COW97.6%
No changes to any of the farms
576.66 COW2.4%
Quorum:239%
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Discussion

CashCow ProtocolProposal 3 - Implement a 2% fee on MILK Farms

Timeline

Apr 08, 2022Proposal created
Apr 08, 2022Proposal vote started
Apr 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated