Adjustment of Economic Model
Rabbit Finance has recently completed an upgrade to V3, with the release of RabbitDAO and Governance token Rabbit Share Coin (RS). The Following adjustments will be made to the RABBIT Finance economy model around the RABBIT and RS tokens.
1. The Proformance Fee Reserve will continue to be used for RABBIT token buyback, which will remove the RABBIT bought from circulation, resulting in a shortage of RABBIT tokens.
2. RABBIT tokens purchased will not be destroyed directly, but will be used to mint RS tokens in RabbitDAO. This will continuously increase the reserve assets in RabbitDAO.
3. As RABBIT in RabbitDAO would increase over time, the value backing per RS token would also increase. Gains for RS token holders include an increase in the amount of tokens and an increase in the value of the token.
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Rabbit Finance team
December 10, 2021