- DAO Proposal: Increasing X7R burn ratio, from deflationary to hyper deflationary.

DAO Proposal: Increasing X7R burn ratio, from deflationary to hyper deflationary.

The X7R Token Burner is a smart contract linked to the backend of the X7DAO Liquidity Hub contract, which function is to send tokens to a specific "….dead" address to take them out of circulation. This address is incorporated into calculations that determine the current circulating supply. The X7DAO Liquidity Hub contract is one of the five recipients of revenue from the X7 Ecosystem Splitter contract. The portion that the X7DAO Liquidity Hub contract receives per distribution from the X7 Ecosystem Splitter contract is 10%.

Currently, 2.5% (25%) of this 10% flows to the X7R Token Burner.

However, similar to the X7R Liquidity Hub contract and the X7100 Liquidity Hub contract, a total of 30% is redistributed from the X7DAO Liquidity Hub contract back to the X7 Ecosystem Splitter contract. If this 'distributeShare' in the X7DAO Liquidity Hub contract will be set to 15% (minimum share), the auxiliaryShare (X7R Token Burner) can be increased from 25% to 40% (maximum share).

This adjustment will have minimal impact on the redistribution from the hub-contracts, but it will markedly enhance the deflationary trajectory of the X7R reward token.

If this proposal gets a majority vote, it would need our devs to call function 17 'setshares' on the X7DAO Liquidity Hub contract and adjust these two shares as proposed.

Long Live DeFi !