Proposal: Update buyback ratio of all vaults

Voting ended over 4 years agoSucceeded

Hey Paçoca lovers,

Current auto compounding vaults (except Auto-Pacoca) have a buyback and burn rate between 1.5% to 2% on profits. This proposal increases the buyback rate which will in turn burn more $PACOCA tokens making it scarcer and more deflationary. Inadvertently, this would also decrease profits of users staking in those vaults.

Regarding that, the team is proposing the following options to update the buyback rate for all vaults:

Off-Chain Vote

✅ Increase to 5% on profits

1.9M 97.1%

✅ Increase to 4% on profits

5.96K 0.3%

✅ Increase to 3% on profits

13.99K 0.7%

❌ Don't change

37.2K 1.9%

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Timeline

Jul 17, 2021Proposal created

Jul 17, 2021Proposal vote started

Jul 18, 2021Proposal vote ended

Oct 26, 2023Proposal updated