0x8F0528cE5eF7B51152A59745bEfDD91D97091d2F
change -5.17% volume $4,051,748.38
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π£Aug 29 2021
We will let the community decide how they want the economic incentives to be captured by the ALPACA tokenβ; For example, it could be similar to Sushiswap where x% of fees generated go to perform token buyback and burn. At the moment though, there are already several mechanisms in place for both performance fee sharing and for making ALPACA deflationary in nature.
10% of the 19% performance fees for yield farming positions on the single-asset CAKE vault is distributed as Protocol APR to ALPACA lending depositors.
4% of the 5% of every liquidation bounty that any liquidation bot receives as a fee, goes towards buybacks and burns of the ALPACA token.
10% of 19% of the lending interest that lenders earn goes towards buybacks and burns of the ALPACA token.
Through adding mechanisms like these, most of the rewards from the ALPACA platform will soon be directly or indirectly shared with ALPACA token holders.