Hello! 50% of the yield+ rewards currently obtained by Vault are allocated to Defibox protocol income, and 50% are allocated to vault as rewards. Under the current distribution model, the lock-up scale of the vault is limited to a certain extent. At the same time, due to the recent downturn in the market, the transaction volume has declined, and the 7.5% of the protocol revenue is used to support the vault, which is already lower than the 50% yield + reward injected into the protocol income of the vault treasury. We hope to focus on expanding the size of the vault at the beginning of the launch, so after discussion by the DAO Board, it was decided:
Adjust the distribution ratio to the yield+ reward obtained by the vault, 80% will be injected into the treasury for lock-up rewards, and 20% will be injected into the Defibox protocol income. The period is one month, and the distribution ratio will be adjusted according to the actual situation in one month.
Note: One of the income sources of the Vault protocol is node income. Currently, Defibox is working hard to run for a Top BP to obtain higher income for Vault.
Thank you for your support and attention to Defibox!
Defibox Project Executive Team
November 24, 2022