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Since most Validator are free, we should implement a burn mecanism from a minimum stacking fee's.
The fee's should be implemented in all transactions to speed up the process.
A fixed ratio of the gas fee collected by the validators will be burned in each block.
The burning ratio can be governed by the Cronos validators.
Though the staking reward of the validators and delegators may decrease in CRO amount, the reward value in dollars may increase in the long run with the increase of CRO value.
A governable parameters: 'burnRatio' can be introduced in the [ValidatorSet Contract]. At the end of each block, the Validator will sign a transaction to invoke the deposit function of the contract to transfer the gas fee. The burning logic is implemented within the deposit function that: burnRatio * gasFee will be transferred to the burn address with a initial setting.
This mechanism could reduce volatility during bear trend by encouraging the community to stake CRO but also retain the value of CRO
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Since most Validator are free, we should implement a burn mecanism from a minimum stacking fee's.
The fee's should be implemented in all transactions to speed up the process.
A fixed ratio of the gas fee collected by the validators will be burned in each block.
The burning ratio can be governed by the Cronos validators.
Though the staking reward of the validators and delegators may decrease in CRO amount, the reward value in dollars may increase in the long run with the increase of CRO value.
A governable parameters: 'burnRatio' can be introduced in the [ValidatorSet Contract]. At the end of each block, the Validator will sign a transaction to invoke the deposit function of the contract to transfer the gas fee. The burning logic is implemented within the deposit function that: burnRatio * gasFee will be transferred to the burn address with a initial setting.
This mechanism could reduce volatility during bear trend by encouraging the community to stake CRO but also retain the value of CRO
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