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Tomb FinanceTomb Financeby0xD882b3C016B5974342831c39CabfC65053674DC90xD882…4DC9

Proposal #3, Reduce Tax range of action

Voting ended over 4 years agoSucceeded

As many of you have noted, the range of TOMB price volatity has been narrowing as our supply and liquidity is growing. The current tax system % was put in place base on the fact that we will start from a really small supply, but as we grow the range of action should shrimp to maximize his effect.

Current tax:

TWAP Tax FEE
1,5+ 1%
1,5-1,4 2%
1,4-1,3 4%
1,3-1,2 9%
1,2-1,1 14%
1,1-1,05 15%
1,05-1 15%
1-0,95 15%
0,95-0,9 15%
0,9-0,8 16%
0,8-0,7 17%
0,7-0,6 18%
0,6-0,5 19%
0,5- 20%

Changes proposal

Reduce range to 20% price variation (between 1.2-0.8) at 15m+ supply:

TWAP Tax FEE
1.2+ 1%
1.2-1.15 2%
1.15-1.1 4%
1.1-1.05 10%
1.05-1.03 15%
1.03-1.01 16%
1.01-1 18%
1-0,99 20%
0,99-0,97 21%
0.97-0,95 22%
0.95-0.9 23%
0.9-0.85 24%
0.85-0.8 25%
0.8- 26%

Reduce range to 10% price variation (between 1.1-0.9) at 30m+ supply:

TWAP Tax FEE
1.1+ 1%
1.1-1.08 2%
1.08-1.06 4%
1.06-1.04 8%
1.04-1.02 12%
1.02-1.01 14%
1.01-1 16%
1-0.99 18%
0.99-0.98 20%
0.98-0.96 22%
0.96-0.94 24%
0.94-0.92 26%
0.92-0.9 28%
0.9- 30%

Please remember that this proposal is based on our current status, those numbers can be adjusted by the governance again in the future.

Also one of the goals of the protocol is to turn off the Gatekeeper system at some point in the future.


Off-Chain Vote

Update to new range accordingly
356.34 97.2%
Dont change the tax system
10.13 2.8%
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Timeline

Jul 29, 2021Proposal created
Jul 29, 2021Proposal vote started
Jul 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated