Burn a % of the Volt bought back from DEX fees.
As per the discussion It is proposed that there is a change to the current DEX fee usage. https://forum.voltage.finance/t/burn-a-of-the-volt-bought-back-from-dex-fees/164/29
The current usage is:
The proposed usage is:
The effect being:
LP providers get 0.05% less fees Please Note: This is NOT farming rewards, but DEX fees. The vast majority of benefit from LP provision comes from Farming rewards and these are NOT affected by this proposal.
Volt stakers retain the same APR value as current. There is no change to the APR amount or calculation of Volt/xVolt staking.
A small % of Volt is burnt making the token deflationary based on DEX usage. This is highly important. Just as ETH has implemented EIP1559 burning ETH based on usage, so Voltage will be the first DEX Governance token to burn tokens based on DEX usage. This should have the effect of incentivising DEX usage, strengthening the Volt price and encouraging Hodling for the long term.
This change is NOT permanent, and can be changed should future tokenomics require it and the community vote for that change.