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zkSwap FinancezkSwap Financeby0x96f026aE1bD72F8881319541959018e6c1Fd3071zkswapfinance.eth

Burn the Unstaking Fee (DAO V2 Pool)

Voting ended over 1 year agoSucceeded

We propose burning the 1% unstake fee when stakeholders unstake from the DAO (V2) pool, instead of distributing it among stakers as is currently done.

Here’s why:

  1. Minimal APY Contribution: The unstake fee currently contributes an insignificant 0.5% to the overall ~10% APY.

  2. Signal Commitment to Growth: Burning tokens can create a positive effectn new investors by demonstrating active supply reduction, making the token more attractive.

  3. Price Appreciation: Reducing the total supply through burning can drive up the token’s price, benefiting stakers through higher token value.

We believe this change will strengthen the DAO and enhance its appeal. Thank you for your support.

Off-Chain Vote

For
50.6M yZF99.9%
Against
52.3K yZF0.1%
Abstain
0 yZF0%
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Timeline

Jun 29, 2024Proposal created
Jun 29, 2024Proposal vote started
Jul 04, 2024Proposal vote ended
Jul 15, 2024Proposal updated