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RE: SPS Flywheel and How to Get There

in LeoFinance2 years ago

I have an idea that would help burn a ton of DEC, why not increase the market fee from 5% to 7% and burn that 2 % extra. We still have a lot of volume in the secondary market and if DEC starts increasing in price the daily volume is likely to grow too.
You can play around with the percentages but you get the idea, the same thing could be done for the rental market...
Using the 2% and the last 24 hours sales volume it would burn 1,536,460 DEC per day. Not bad considering we're in the crypto winter.

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I think that's probably doable

I like the GLS system better of 2% going to the DAO. But yeah, having market fees benefit the economy in some way would be excellent.