VIP-043 Enable Governance Rewards Distribution from V2(PEPE) Markets and XTN Buyback

Proposals
#1

Proposal ID
2YU39dxoZneV9U1expDb6iD3171hDnZaXFcWfLRkQMgS

Objective:

Enable a 20% protocol rewards share for new markets on vires.finance and allocate 50% of it towards an XTN buyback. This initiative aims to support the XTN price and enhance the value of vested assets in existing markets. The buyback process will be executed by a bot operating from a scripted account (3P…).

Action Plan:

1 Protocol Rewards distribution for V2:

  • Implement a 20% rewards share for new markets on vires.finance, ensuring participants benefit more from their contributions and encouraging increased engagement.

2 XTN Buyback Execution:

  • Allocate 50% of the rewards generated from the new markets for an XTN token buyback.
  • Utilize a bot operating from the account 3P8iwEgrsrGLDCNh7RfWraomNqSSddK4M5r to autonomously execute the XTN buyback process.

Expected Outcomes:

1 XTN Price Support and Value Enhancement:

  • By conducting the XTN buyback, the circulating supply will decrease, potentially supporting and increasing the XTN price.
  • The increase in value of vested assets in old markets will benefit all stakeholders.

2 Incentivized Participation:

  • The 20% reward share for new markets will incentivize participation, attracting more users to vires.finance and promoting the upsides of the governance.

Conclusion:

Enabling a 20% protocol rewards share for new markets and executing an XTN buyback will bolster the XTN price and enhance the value of vested assets in existing markets on vires.finance. The proposed actions aim to incentivize participation, attract more users, and benefit all stakeholders involved. Execution of the XTN buyback will be facilitated by a bot operating from the account 3P8iwEgrsrGLDCNh7RfWraomNqSSddK4M5r, ensuring efficient and automated implementation.

Transaction Payload

{
  "type": 12,
  "version": 2,
  "data": [
    {
      "key": "recovery_address_share",
      "type": "integer",
      "value": 50
    },
    {
      "key": "recovery_reserves",
      "type": "string",
      "value": "3PMYady7KzUNnRrFGzMBnq7akMDWiCQyoQz|3PHxubMUtynEY2AeHq3K1kUizRPN9HUC2rt|3PByijo1xaCSYNKnQb98U7YMPwp5tNF84JQ|3PLLikQB5JEREMhjQMD1ZX7HkYZJMRW6J1q|3P5ggc5ssBHp1Dr7HwGLYf8SQimta99q5QT"
    },
    {
      "key": "dividendableReserves",
      "type": "string",
      "value": "3PMYady7KzUNnRrFGzMBnq7akMDWiCQyoQz|3PHxubMUtynEY2AeHq3K1kUizRPN9HUC2rt|3PByijo1xaCSYNKnQb98U7YMPwp5tNF84JQ|3PLLikQB5JEREMhjQMD1ZX7HkYZJMRW6J1q|3P5ggc5ssBHp1Dr7HwGLYf8SQimta99q5QT|3P8G747fnB1DTQ4d5uD114vjAaeezCW4FaM|3PCwFXSq8vj8iKitA5zrrLRbuqehfmimpce|3PEiD1zJWTMZNWSCyzhvBw9pxxAWeEwaghR|3PGCkrHBxFMi7tz1xqnxgBpeNvn5E4M4g8S|3PA7QMFyHMtHeP66SUQnwCgwKQHKpCyXWwd|3PPdeWwrzaxqgr6BuReoF3sWfxW8SYv743D|3PBjqiMwwag72VWUtHNnVrxTBrNK8D7bVcN|3PGzUA7Yp2RFobH9mPFYsZC1wkwWHNsP14q|3PNKc29PsUULxcHexjcZu7cMBqAAEYNfXnH|3PBEwUv36ZXRiDEaVmXR41sPvbGfm3nyC6k|3PN1LXdwuFWH3paF3fpMNCWk7oWRzXCeMSC|3PAuTLuchPr3N8mDaoN2wMb2JtHe5MBE7g2"
    },
    {
      "key": "dividendableTokens",
      "type": "string",
      "value": "WAVES|3VuV5WTmDz47Dmdn3QpcYjzbSdipjQE4JMdNe1xZpX13|HGgabTqUS8WtVFUJzfmrTDMgEccJuZLBPhFgQFxvnsoW|9wc3LXNA4TEBsXyKtoLE9mrbDD7WMHXvXrCjZvabLAsi|2Fge5HEBRD3XTeg7Xg3FW5yiB9HVJFQtMXiWMQo72Up6|WAVES|DG2xFkPdDwKUoBkzGAhQtLpSGzfXLiCYPEzeKH2Ad24p|34N9YcEETLWn93qYQ64EsP1x89tSruJU44RrEMSXXEPJ|6XtHjpXbs9RRJP2Sr9GUyVqzACcby9TkThHXnjVC5CDJ|8LQW8f7P5d5PZM7GtZEBgaqRPGSzS3DfPuiXrURJ4AJS|474jTeYx2r2Va35794tCScAXWJG9hU2HcgxzMowaZUnu|DUk2YTxhRoAqMJLus4G2b3fR8hMHVh6eiyFx5r29VR6t|8zUYbdB8Q6mDhpcXYv52ji8ycfj4SDX4gJXS7YY3dA4R|8DLiYZjo3UUaRBTHU7Ayoqg4ihwb6YH1AfXrrhdjQ7K1|34N9YcEETLWn93qYQ64EsP1x89tSruJU44RrEMSXXEPJ_3PBEwUv36ZXRiDEaVmXR41sPvbGfm3nyC6k|6XtHjpXbs9RRJP2Sr9GUyVqzACcby9TkThHXnjVC5CDJ_3PN1LXdwuFWH3paF3fpMNCWk7oWRzXCeMSC|DG2xFkPdDwKUoBkzGAhQtLpSGzfXLiCYPEzeKH2Ad24p_daoBonus"
    },
    {
      "key": "recovery_address",
      "type": "string",
      "value": "3P8iwEgrsrGLDCNh7RfWraomNqSSddK4M5r"
    }
  ],
  "senderPublicKey": "3gQ8QUfoGQW6YVuhUv3zuqsbmxbV5F2FAuDXJqVKD6C9",
  "fee": 50000000,
  "feeAssetId": "WAVES",
  "timestamp": 1685017974428
}
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