Withdrawal fee for all farms that’s calculated on your tvl / xplenty ratio.
Worked examples:
Max withdrawal fee 2.5% on a sliding scale down to 0%
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$400 tvl in farms / $400 xplenty balance = 100% discount = 0% withdrawal fee
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$400 tvl in farms / $300 xplenty balance = 75% discount = 0.625% withdrawal fee
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$400 tvl in farms / $200 xplenty balance = 50% discount = 1.25% withdrawal fee
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$400 tvl in farms / $100 xplenty balance = 25% discount = 1.875% withdrawal fee
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$400 tvl in farms / $0 xplenty balance = 0% discount = 2.5% withdrawal fee
Benefits:
- Fees generated could buyback and burn plenty
- Give a further incentive to hold plenty / xplenty.
- Fees aren’t too prohibitive for non-xplenty holders
Seen this idea floated on a couple of other Topics and thought it was a great idea and (hopefully) worthy of its own Topic.