Hello! The DIP47 proposal has met the implementation conditions and has been implemented today. All Yield+ rewards will be included in the Defibox main protocol revenue. The new distribution plan for protocol revenue is:
- 45% buy back and burn: repurchase and transfer to the black hole address (eosio.null) to burn BOX tokens.
- 15% staking incentive: 50% of which is used for BSS, and the other 50% is used to incentivize Vault.defi protocol; (Note: Vault.defi protocol is the new satellite protocol, which is used to incentivize EOS staking. It is a new satellite protocol for EOS staking, 50% of fees and rewards will be included in the main protocol revenue, and the remaining 50% will be used to incentivize its own protocol.
- 10% risk reserve: it is allocated 50:50 to risk reserve (reserve.defi) and automatic market making account (autolp.defi).
- 30% team income: used for team expenses; pay for monthly team costs and other basic costs such as servers.
Thank you for your support and attention to Defibox!
Defibox Project Executive Team
October 27, 2022