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SAV3SAV3by0xE7a6ADC4dC19208B7443Ac89668B12b3Be8987280xE7a6…8728

Adjust Tax Rates

Voting ended about 5 years agoSucceeded

Hello SAV3 Community,

The current tax is 8%. It is distributed 4% to lock liquidity and 4% to reward LP providers. This makes up to 9-10% of slippage required.

So far the locked liquidity presents 20% of the SAV3/ETH pool. Therefore, I propose to reduce the locked liquidity rate to 2% instead of 4% and keep the same rate (4%) for LP rewards.

This way we will keep going with locking liquidity. But the slippage rate for trading will be reduced by 2% and a very little sell presure would be removed. Currently the contract sells 50%(2%) of the 4% to get ETH and pair it to add liquidity and lock it.

The new trading slippage would be 7-8% instead of 9-10%. The new tax would be 6% - 2% for locking liquidity and 4% for LP rewards.

Off-Chain Vote

Yes
434.94K 63.4%
No
251.25K 36.6%
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Timeline

Nov 16, 2020Proposal created
Nov 16, 2020Proposal vote started
Nov 18, 2020Proposal vote ended
Oct 26, 2023Proposal updated