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Conditional Tax Ranges (LPs, Liq Lock, Burn)

Voting ended about 5 years agoSucceeded

Currently, 29% of all SAV3/ETH LP tokens are locked in liquidity forever. (61.7/214) = 29% Total: 214 Locked: 61.7

Issues:

  1. Locked liquidity will eventually have a majority share, in turn reducing LP provider's tax proceeds.
  2. SAV3 will become more like a stable-coin

Proposal:

  1. Make the tax payout percentages conditional on a configurable set of ranges based on locked share of SAV3/ETH LP tokens
  2. Incorporate a burn tax into this model

Default ranges:

Locked Shares is within 0-25% range, then: LP Providers get 4.5% Liq Lock gets 3% Burn gets .5%

Locked Shares is within 26-50% range, then: LP Providers get 5.5% Liq Lock gets 2% Burn gets .5%

Locked Shares is within 51-100% range, then: LP Providers get 7% Liq Lock gets .5% Burn gets .5%

Slide outlining proposal: https://drive.google.com/file/d/1lRfOlxCwLZdB6rQsDb2nd3etN0S2ENPg/view?usp=sharing

Off-Chain Vote

Yes
292.02K 93.4%
No
20.5K 6.6%
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Timeline

Nov 20, 2020Proposal created
Nov 21, 2020Proposal vote started
Nov 25, 2020Proposal vote ended
Oct 26, 2023Proposal updated