Small addition:
I also saw a comment about the 1.2% tax keeping stakers, and with a lower tax they might leave.
I personally dont think that the tax matters at all (to a certain hight, if it was 10% or higher, but not at 1.2, or 0). I think the 3 weeks undelegating is what keeps the stakers and the high yield.
I personally wanted to sell when it was at 0.0006 to rebuy at lower levels. But it didnt, because i staked all my coins. So i think, anybody only wants to sell if they have very high profits and then a couple % tax doesnt matter, but the 3 weeks undelegating does, because you dont know what the price will be in 3 weeks with this volatality (or even in "normal circumstances), so you keep your coins staked and earn a garuanteed interest.
and i âNO with Vetoâ
This is a good proposal. However greedy people wonât agree with it. They though 1.2 burn faster. Only if they know how to use math properly will agree with this.
We should seriously consider burning all staking rewardsâŚ
Instead of increasing the supply in our wallets, we would be increasing the value of whatâs already there ~ so, staking would still have reason and valueâŚ
What do you think about:
A sunset clause for the tax in 12/18/24 months.
A review every 3/6/9/12 months to consider how good the tax is or where the tax is going.
A review on 7th December, findings published on Agora on14th December and vote on 21st December on long term viability of tax.
No with Vito! Be aware of the hidden agenda behind lowering tax
Is the proposal up already? Canât seem to find it.
I always thought between 0.1 to 0.5% was reasonable. IMO 0.2% is definitely good as it feels like âdouble trading feesâ on CEXs, which is psychologically acceptable for most people. Intuitively, there is no doubt that a lower tax would boost volume.
I just have one wish - how to convince all CEXs to implement a 0.2% if ever this proposal did get green lightedâŚwhat can members of the community do to help (except from voting).
Never. The statistics speak for themselves. And the burning of tokens goes full sail
Proposal will be no with veto
It hasnât even been a month yet .
Yes, proposal is up and can be voted on.
5234 | Parameter change proposal | Voting
Lower the tax rate to 0.2% and set aside 10% of tax revenue to finance ecosystem infrastructure and contributors
Submitted 16 hours ago
Move forward with 0.2% tax rate and grant program to attract utility on-chain. 