RFC: Increase Transaction Fees on Centrifuge Chain by 100x and Use the Fees towards a Token Burn

Following on the next steps of this proposal. The team is working on the following:

  • Adding the Treasury pallet to the Centrifuge Runtime
  • Correct Split Rate: Out of the tx fee how much goes to the author and how much to the treasury?
  • Correct Treasury Burn Rate: Out of the amount that is accumulated in the treasury, how much of that we burn every session.

This parameters affect the token economics so we need to do some discussion on the correct ones to propose later.

We will provide more information around this in a timely manner.

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