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Incentive to buy DFI by increasing negative interest on dUSD #245

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kynkong91 opened this issue Jan 26, 2023 · 1 comment
Closed

Incentive to buy DFI by increasing negative interest on dUSD #245

kynkong91 opened this issue Jan 26, 2023 · 1 comment
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dfip DeFi Improvement Proposal round/on-chain On-chain governance

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@kynkong91
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kynkong91 commented Jan 26, 2023

DFIP Overview

  1. Requester(s): [@mrgrauel]
  2. Reddit discussion thread (optional): [Provide a link to Reddit discussion thread]

Describe your proposal

To direct 50% of the dUSD that is held by the buy-and-burn-DUSD-bot as additional negative interest to incentivize buying pressure on DFI.

How does this DFIP benefit the DeFiChain community?

This will increase the demand for DFI and DUSD which also hastens the pace at which DUSD is being burnt

Context

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Summary of Implementation Details

  • No changes to the network consensus
  • No changes to the current bot mechanism
  • 50% of the burned DUSD by the buy-and-burn-DUSD-bot is reintroduced into negative interest rate calculation.

Non-obligation

I understand that vote of confidence for DFIP carries no obligations by any developers to implement the proposals. DeFiChain is a community projects. Pull requests can be submitted by community and reserved to be evaluated for safety and general community acceptance.

@kynkong91 kynkong91 added draft dfip DeFi Improvement Proposal labels Jan 26, 2023
@uzyn uzyn added round/on-chain On-chain governance and removed draft labels Jan 26, 2023
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Labels
dfip DeFi Improvement Proposal round/on-chain On-chain governance
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