Bagels Finance Tokenomics Adjustment

Bagels platform revenue model includes four parts:

1. Lending interest rate spread; 2. Leverage yield farming taxes; 3 Fee for opening leverage yield farming positions; 4 Liquidation fee.

The adjustments of Bagels revenue distribution are as follows:

1. Revenue distribution to all veBAGEL holders (the Bagels DAO boardroom members) will be increased from 40% to 50% of the Bagels total revenue.

2. The distribution of the Bagels total revenue to buyback and burn BAGEL will be reduced from 20% to 5%

3. 5% of the total revenue will be distributed to vault farming aggregators which are ecosystem partners with Bagels Finance

The Bagels team is confident that the above adjustments will yield healthier long-term growth. The buyback and burn mechanism is not beneficial to long-term BAGEL holders. Increasing the DAO boardroom reward ratio can encourage BAGEL holders to stake and lock-up more BAGEL for longer periods; the partnership with the vault farming aggregators can boost the TVL growth.

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