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EnterEnterby0xA147282207E5Fa16FB7364D8398173567DD4071a0xA147…071a

How should the vault buyback NFTART?

Voting ended over 4 years agoSucceeded

Now that BNB and BUSD sales are up and running our vaults are starting to collect fees. This means we will have to decide how to spend them on buybacks. We are currently looking at 2 different models.

Model 1: Spend all fees directly on buybacks. This means that if we earn 2000$ in fees one month that will be that month’ buyback amount, and if we earn 500$ in fees another month that will be that month’ buybacks. Plain and simple.

Model 2: Exponentially increase buybacks over time by accumulating all fees in a vault that is allocated to different farms, and only spend farming revenues on buybacks. This means that the buybacks will be significantly lower the first few month’, but they will increase exponentially over time as the vault grows. It will also help stabilize the NFT-art token over time. As an example since even if we earn less in fees one month the buybacks will be higher than the previous as long as the total value of the treasury increases.

This could also allow us to get price exposure to the general crypto market. As an example, if part of the treasury was allocated to Pancakeswaps cake pool, when $CAKE increases in value, so would that part of the vault, the farming rewards and the buybacks.

To make our votes as fair as possible we have implemented snapshots anti whale strategy plugin: "This strategy applies an anti-whale measure to its results to reduce the impact of big wallets, reducing the effect on the voting power as the token amount increases."

Off-Chain Vote

Model 1
638.34T 52.6%
Model 2
575.08T 47.4%
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Timeline

Dec 06, 2021Proposal created
Dec 06, 2021Proposal vote started
Dec 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated