[SP-2] Secondary strategy yield to be used for $VEMP buyback and burn

[Overview]

We’re bringing forward a proposal that we believe will be highly beneficial to our stakers by increasing the deflationary mechanics of the vEmpire Gamer Token.

Currently, we’re distributing up to 20% of our profits from sold metaverse strategy assets to our stakers in the DDAO. This is in addition to the static 15% APY in the DDAO pool which is paid through our emissions schedule over the next 21 years.

You can find detailed information on how our tokenomics have been organised on page 15 of our Whitepaper here: https://2432503192-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F3Fm3GVNNJOSvH6h9bfX4%2Fuploads%2FJ7YCRkrWQGj7dPb7fdME%2FvEmpire%20Whitepaper.pdf?alt=media&token=76b760c9-f736-44b2-94eb-bac364f57e6a

[Proposal]

We propose that instead of sending those rewards to stakers, we would buyback VEMP (as we have been doing thus far) but would instead send them to a burn address, rather than to stakers in the DDAO.

What this will do is provide a further deflationary mechanic to the vEmpire ecosystem, as well as maintaining the buyback system we have been using with the DDAO share of the metaverse profits.

This DOES NOT affect the fixed 15% APY on the DDAO, that is a constant yield that is provided through the emissions schedule. This affects only the bonus yield from metaverse strategy profits (not displayed in the staking UI).

For reference, our last secondary-rewards distribution equaled more than 8 ETH and if this were to be applicable, we would have bought 6.4 ETH worth of $VEMP (443k at time of writing with a price impact of 1.3%) and sent them to a burn wallet, removing them from supply forever.

Vote with YES if you want the proposal to go through or vote with NO if you’d like to keep the current model of rewards distributions.

NOTE: Only stakers in our VEMP pool with balance exceeding 1k VEMP are allowed to vote.