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6 lines
490 B
Markdown
6 lines
490 B
Markdown
# Introduction of “Fee Vault”
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As part of the governance, esUNW-v2 holders also control Fee Vault, whose value is mapped to esUNW-v2, by allowing esUNW-v2 holders to redeem esUNW-v2 (i.e. burn) against the intrinsic value (proportional) of Fee Vault.
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The Proposal calls for the Fee Vault to receive 40% of the Fee Distribution, which is then automatically converted into ULP. This re-investment of fee into Liquidity Pool aligns the interests of esUNW-v2 holders with the ULP holders.
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