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PlanetPlanetby0xFd525F21C17f2469B730a118E0568B4b459d61B90xFd52…61B9

Tokenomics Change to support the Foundation and increase AQUA burns

Voting ended over 2 years agoSucceeded

Proposal is to Adjust the allocation of platform revenue:

  • 50% continues to go to reserves as GAMMA (to recycle rewards once the GAMMA emission stops)
  • 35% continues to be used for buying and burning AQUA
  • Instead of 15% going to AQUA treasury, allocate 10% to the foundation and 5% to the treasury (5% of lending fee will continue to go to Terra Compensation)

The rationale for this change is to provide more funding for the development team to expand and cover infrastructure and deployment costs. This should help the project move forward more quickly.

Second change is to use non-GAMMA assets that accrue in the treasury for buying and burning AQUA.

This change aims to increase the burn rate for AQUA, benefiting long-term AQUA holders.

For the uninitiated, Treasury receives the following fee -

  • the fee collected from lending
  • the fee collected from aggregated pools
  • the fee collected from gamma-BNB and AQUA-BNB trade fee

Out of the above, aggregated pools fee is always in GAMMA. Other fee is not in GAMMA (we convert that now to GAMMA). Fee is collected in each market’s token for lending and in LP tokens for AQUA and GAMMA pools.

So we suggest we burn AQUA with lending fee and AQUA-BNB trade fee (and half of GAMMA-BNB trade fee) .The aggregated fee continues to go to treasury.

These proposed changes are focused on supporting the growth and development of the project, ensuring adequate resources for expansion, and increasing the value of AQUA tokens through a higher burn rate.

Off-Chain Vote

Yes, let's go for it!
120.94K AQUA100%
No, I do not support the changes
0 AQUA0%
Quorum:202%
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Timeline

May 04, 2023Proposal created
May 04, 2023Proposal vote started
May 09, 2023Proposal vote ended
Oct 26, 2023Proposal updated