3P8FPQrnpKuzaZLNmTAyrEt9kPuVK2kR4Qw · data · 12_survey_description
{
"12_survey_description": "As for now, 35% of swap fees are used to buy back SWOP tokens, which are then distributed among SWOP stakers. Some of the stakers continuously claim and sell their rewards, neutralizing the price-rising impact of the SWOP buyback. We propose to burn a portion of SWOP tokens currently allocated as governance rewards. While this may slightly decrease the Governance APR, it is expected to increase SWOP stakers' earnings through an appreciation of the token's value."
}
Changelog:
{
"2024.03.11 15:28": "As for now, 35% of swap fees are used to buy back SWOP tokens, which are then distributed among SWOP stakers. Some of the stakers continuously claim and sell their rewards, neutralizing the price-rising impact of the SWOP buyback. We propose to burn a portion of SWOP tokens currently allocated as governance rewards. While this may slightly decrease the Governance APR, it is expected to increase SWOP stakers' earnings through an appreciation of the token's value."
}
