Dear Pacoca lovers, with the outcome of the latest governance proposal about migrating the legacy vaults, the team saw the opportunity to open a stake $PACOCA earn $BNB pool. This pool would aggregate the new Sweet Vaults’ fees and redistribute rewards as $BNB in a brand new pool.
If this proposal passes, the 3% burn fee will be replaced with a 3% platform fee. These fees will go to a smart contract that allows staking $PACOCA to earn $BNB.
Enabling these fees would require migrating existing Sweet Vaults to support the new fee structure, but this feels appropriate as there is already a migration scheduled. This provides us with the unique opportunity to include it in the current migration, allowing for a smooth implementation of the new fees and providing a way for Pacoca users to earn $BNB.