• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
Polycat FinancePolycat Financeby0x4c928d82e7D0E6D943616997c263991C54666D220x4c92…6D22

Increase the AMM's FISH Burn rate

Voting ended over 4 years agoSucceeded

Currently, the AMM's fee structure is as follows:

💲 0.10% to all LP providers + 🔥🐾 0.12% to burn PAW + 🔥 🐟 0.02% to burn FISH

We can't lower the LP Providers incentive, but the PAW/FISH burn rates are massively skewed.

While it's understandable that PAW is an inflationary token and thus needs a higher burn rate, a ratio of 6:1 is touching on the extreme end. It's been noted that more PAW use-cases are arriving (paw staking tanks etc), but FISH right now only has one use-case: Hold and pray.

The 80%~ APR Vault pales in comparison to what we'd receive with CAKE, a token that is continually climbing in price. FISH on the other hand has still seemingly not found any floor as the "main token" of Polycatfi.

p.s: wenpump, wenmoon, wencmc, wenpartnerships, wenfinn

Off-Chain Vote

Keep the burn rates as-is
31.9 0.1%
Move to 0.10% PAW, 0.4% FISH
165.72 0.4%
Move to 0.08% PAW, 0.6% FISH
40.12K 99.5%
Download mobile app to vote

Timeline

Sep 05, 2021Proposal created
Sep 05, 2021Proposal vote started
Sep 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated