All Yield+ rewards will be included in the Defibox protocol revenue
Defibox has obtained the Yield+ official launch reward (Note: the rewards have been accumulating in the pilot phase, and will be distributed in a new proportion after the proposal is passed). Defibox-DAO has made a proposal of merging Yield+ rewards into the Defibox main protocol revenue; The DIP45 proposal is implemented, and 10% of the protocol revenue recovered from Newdex has not yet been distributed. Considering the actual situation and the opinions of the Board and the project execution team, a proposal on the new distribution of the Defibox protocol revenue is initiated for the community to discuss and vote:
Proposal content:
All Yield+ rewards will be included in the Defibox main protocol revenue.
Distribution ratio:
A: 45% buy back and burn, 15% staking incentive, 10% risk reserve, 30% team income
B: 45% buy back and release, 15% staking incentive, 7% risk reserve, 3% burn, 30% team income
C: I do not agree with any of the above
Interpretation:
1. Comparison of old and new distribution schemes:
According to our calculation, Yield+ rewards are expected to reach 40k+ EOS per month, and the monthly protocol revenue in the past two months is 20k+ EOS. The following new and old schemes are distributed before and after Yield+ rewards are compared.
*The original monthly 45% of the protocol income is about 9K EOS for automatic market making (4.5K EOS is used to repurchase BOX). With 45% of new income for burn or release, it will be 27k EOS per for repurchasing BOX which is 5 times more;
*The original monthly 7.5% of the protocol income is about 1.5K EOS for BSS rewards, after adding Yield+ reward, 7.5% of the protocol income is about 4.5K EOS for BSS rewards, and 7.5% of the protocol income which is 4.5K EOS will be used for the development of new satellite protocols;
Note: The new satellite protocols (Vault.defi protocol, Banlance protocol, etc.) will also apply for Yield+ program. 50% of the satellite protocol revenue will be kept for its own development and the other 50% will be merged into the main protocol revenue. Separating the main protocol revenue and satellite protocol revenue distribution will be good for both.
With the new plan, a positive development of BOX and an upward spiral of the tokenomics will be gradually achieved; the inflation will be lowered, and the upward momentum will appear with the continuous repurchase of BOX. Defibox plans to make more products and proposals in the next six months, optimize the BOX staking model, and use the Yield+ reward to achieve an ice breaking from low prices.