35% of SAUCE from daily buybacks to be burned

Request for Comment
1
  • Title: [Direct 35% of SAUCE from daily buybacks to be burned
  • Author(s): Me
  • SaucerSwap Voting Interface: [Link specific to the proposal]
  • Related Discussions: [Link to related discussions]
  • Submission Date: April 17

Main Paragraphs

  • Summary: Direct 35% of the daily SAUCE buybacks which go to single-sided staking, to be burned
  • Benefits (Pros):
    Reduce SAUCE circulating supply
    Reduce sell pressure
    Increase price
  • Downside (Cons): slightly lower single-sided staking APR but increased SAUCE price
  • Voting:
    Yes - burn SAUCE
    No - Don’t burn SAUCE
2 Likes
2

I do think burns are rather gimmicky, especially when the stated purpose is to raise price.

1 Like
3

Burn reduces supply, which creates scarcity and hence makes an asset more valuable. As a $sauce investor i support asset appreciation. Not sure i agree that is gimicky. Yes there are other initiatives to increase asset value via demand (e.g. staking, utility), burns increase asset value via reducing supply. I guess the question here is, how best to increase asset value - is it via burns, or a combination of other methods.

2 Likes
4

i agree this would be a good idea

1 Like
5

Great initiative!
I am in for the $SAUCE burns.

1 Like
6

:100:+1% burns R gimmick
If the Market Fundamentals doesn’t change… price pump from token burns lasts as long as seconds burst of org* dopamine burst

1 Like
7

Could you point to any research that shows a controlled reduction in supply is Gimmicky? Supply and demand economics law would state otherwise.

1 Like
8

i would rather 50% or even just 100%

9

Screenshot_20250426-175822_Chrome
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And there was also one from Binance square, but its 404

Screenshot_20250426-175837_Chrome
Screenshot_20250426-175837_Chrome720×358 83.1 KB

Depends if its done for good reasons.
Literally in this RFC, it talks about reducing sell pressure and increasing price.

And it reminds me of this medium article

Which is a pretty nice read.