The first results are in!
Published in
Jul 24, 2021
Our first governance vote was about an adjustment to the buyback rate % on profit. You and your fellow Bankers have decided that, there will be a increase of the fee on profits, following the GIP-1 proposal from 1.5% to 10%.
The adjustment allocation point will occur every week (starting from this Sunday 25 July, 2021).
Increasing the buyback rate tends to boost ROI and leads to a lower inflation rate of $GRAND. In addition, a reward redemption fee shall be adjusted from 1.5% to 10% of farming rewards.
Every week we will see which pool has the most rewards, it will adjust its $GRAND reward (alloc 0.1x, 0.2x)
The pool which had the most buyback will be adjusted accordingly.
Make sure to vote whenever you see that a new proposal is active:
