The first topic of discussion to be voted on by the community will be regarding platform revenues and buybacks. We recently aggregated around $600,000 in the fees account which is currently allocated in a 50/50 DFYN/USDC liquidity pool.
A lot of community members had different suggestions as to what should be done with the fees and we figured that the best way to decide that would be via a community governance vote.
vDFYN Vaults
Before listing the available options, we want to make sure that the community knows our upcoming plans to launch a vDFYN vault (tentatively by the second week of September). These vaults will allow users to stake their DFYN tokens, in exchange for which they will be given vDFYN tokens. Holding these vDFYN tokens will make users eligible to earn a part of the protocol revenue. 0.04% of each transaction on the Dfyn exchange will be accumulated and used to buy back DFYN tokens, which will be directed as dividends to the vDFYN vaults. Essentially, users will be able to claim more DFYN tokens against their vDFYN tokens than they deposited.