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UniDex ExchangeUniDex Exchangeby0xFBbe90DD04250B5E789Ed9d1bFBA2476E524a852moltennetwork.eth

[MIP-05] Switch Buy back & burn fee percentage with USD.m fee allocation percentage

Voting ended over 1 year agoSucceeded

The current model allocates 20% of generated trading fees to go towards the USD.m vault automatically.

The other 80% is allocated in other ways such as... 50% going towards buying back the MOLTEN token and burning it. 15% going towards buyback the MOLTEN token + used for staking rewards. and 15% going towards the development team.

This proposal aims to switch the allocation of MOLTEN buyback & burns and the USD.m fee allocation.

This will change the allocation to the following

USD.m Fee - 20% -> 50% Buyback & Burn - 50% -> 20% MOLTEN Staking - 15% Dev Fund - 15%

Where the USD.m vault will now get 50% of the fees and only 20% of fees will be allocated toward buying back MOLTEN and burning it.

This change was prompted for 2 main reasons. Growing TVL while under the market standard fee split deemed no longer sustainable, and our current goal is to rapidly grow TVL to accommodate more traders.

Off-Chain Vote

50% Fees to USD.m / 20% BBB
716.93K MOLTEN88.8%
Keep current values (20% / 50%)
90.11K MOLTEN11.2%
Abstain
0 MOLTEN0%
Quorum:80703224%
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Timeline

Oct 13, 2024Proposal created
Oct 13, 2024Proposal vote started
Oct 16, 2024Proposal vote ended
Jun 02, 2025Proposal updated