Currently fees are locked in a reserve meaning we can utilize them by the DAO at some point in the future, or simply burn the ac
06 Jun 2022, 20:09
Currently fees are locked in a reserve meaning we can utilize them by the DAO at some point in the future, or simply burn the accumulated fees to counteract the inflation rates. Might be a good moment to spark discussion on what you guys think. Personally I like the burning model as it gives us benefits of both inflation (secure infrastructure that doesn’t require fees to work allowing free transactions for simple contracts), and deflation (reducing supply to make more valuable, burning fees pays everyone in network by reducing supply). As network usage increases (for burning model) value will increase from the reducing supply, gives an economic tool to combat growth in supply since fees will be dynamically adjustable based on network votes.