Announcement for the adjustment of protocol income allocation and LP mining rule

Dear users,

Hello! According to DIP26 voting results, Defibox officially adjusted protocol income allocation and LP mining rule on April 29, 2021, details are the following:

(1) New Protocol income allocation:

• 75% of the protocol income will be used for BOX buy-back & burn, 15% of the protocol income will be allocated to risk reserve, 10% the protocol income will be used for NDX buy-back & burn (in return for Newdex support and funding).

(2) New LP mining rule:

• Smart contract release 0.002 BOX per second for LP mining
• Each liquidity pool has independent LP mining pool and they are independent of each other
• The BOX in a liquidity pool mining per second = 0.002BOX * 70% * mining weight of this liquidity pool *  the proportion of your liquidity asset value to the total liquidity asset value

Mining weights for liquidity pools:

Note: APY will change rapidly due to market conditions. Defibox Foundation will watch it closely and adjust mining weight accordingly. In order to have a quicker response, The announcement for “Weekly Mining Weight Adjustment” will be published each Friday, please be noted.

Friendly reminder: Anyone can list token freely on Defibox Swap and can create a liquidity pool. Please be aware of the possible risks.

Defibox community:
Overseas: https://t.me/Defibox 
Chinese:

Thank you for your support and attention to Defibox!
Defibox Foundation
April 29, 2021