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BunnyBunnyby0xbC776ac3af4D993774A54af497055170C81c113Fmndvault.eth

Proposal to Adjust BUNNY Emissions

Voting ended about 4 years agoSucceeded

BUNNY’s Tokenomics have been designed to distribute the highest profits to the users, and more than 100,000 users have used our platform. However, the complexity involved with continuing to deliver competitively high APYs in the current DeFi 1.0 era has given the team an impetus to consider new options this year. Given the mission to provide a sustainable source of profit for BUNNY holders, we do believe that it is the right time for the team and community to consider adjusting the BUNNY emissions model.

Our proposal to adjust the inflation rate of BUNNY is presented below.

  1. Decrease the BUNNY Emissions: a. Leveraged Farming Vault, Single Asset Vaults (Lending): vaults that allow leveraging mint more BUNNY, thus we will propose to remove the BUNNY minting parts which will result in a 6% decrease in the profits. b. Auto-compounding Cake Vault, LP Vault: Currently 70% LP profits + 36% BUNNY profits are given to the user. This will be adjusted to 100% LP profits + 0~6% BUNNY profits. This means Floating Rate Emissions (FRE) will no longer exist. c. BUNNY-BNB, BUNNY Vault: The emission rate will decrease when the new fee structure is in place and it can provide a stable enough APY.

  2. No Change.

We look forward to seeing the active participation of all BUNNY holders. Voting period: From January 12, at 09:00 UTC to January 17, at 09:00 UTC

Off-Chain Vote

Decrease the BUNNY Emissions
171.37K 72.8%
No Change
64.11K 27.2%
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Timeline

Jan 12, 2022Proposal created
Jan 12, 2022Proposal vote started
Jan 17, 2022Proposal vote ended
Oct 26, 2023Proposal updated