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In this video, at 2:58 mark, it says that the
fees of minting and burning djed and shen goes to a Cardano pool and distributed to Shen holders. And then says the ADA converted in COTI came from operating fees. But I always heard that the fees from minting and burning djed and shen will go to treasury. I'm making some confusion here?
19 ответов
No confusion. The fees associated with $Djed’s and $Shen’s minting and burning will be sent to $Shen holders. Every transaction in the ecosystem will be subject to operating fees that will be paid in $ADA and deducted from the initial deposit. These fees will be converted into $COTI and streamlined into the Treasury to be distributed as rewards to its users.
Both! The fee is split up in 2 different kind of fees. The request fee goes to SHEN holders and the Operator fee goes to COTI treasury
Both! The fee is split up in 2 different kind of f...
seems like we get the bigger part. 😁
Mário
São João
Автор вопроса
Both! The fee is split up in 2 different kind of f...
Yes, now I know. But I always heard that will be the mint and burn fees that will go to Treasury, even @musthaveben have saied that. Countless time I've read that. Now it seems that this has changed. But if the values in the picture are correct, even better to COTI holders.
Mário
São João
Автор вопроса
No confusion. The fees associated with $Djed’s and...
But even you saied that, and I quoting you, "Mint and burn fees from djed/shen would flow back into the coti Treasury. ". So it's kind of odd that this have changed now.
Yes, now I know. But I always heard that will be t...
And that is correct, fees are going to treasury, just not 100% of the fees.. The fee that is paid for minting/burning djed goes to both. 1 ADA goes to SHEN holders and 4 ADA goes to the COTI treasury (so total of 5 ADA fee for minting/burning Djed)
Mário
São João
Автор вопроса
And that is correct, fees are going to treasury, j...
No, to COTI treasury will go operation fees. But mint and burn have operation fees, so when you mint and burn djed and shen COTI holder will also benefit from that. It more like a matter of perspective, and for a long time maybe the naming was not the better one. "No confusion. The fees associated with $Djed’s and $Shen’s minting and burning will be sent to $Shen holders. Every transaction in the ecosystem will be subject to operating fees that will be paid in $ADA and deducted from the initial deposit. These fees will be converted into $COTI and streamlined into the Treasury to be distributed as rewards to its users."
No, to COTI treasury will go operation fees. But m...
its just the minting fees split into request and operation fees. u need both to mint Djed. i dont think naming is so important
No, to COTI treasury will go operation fees. But m...
the result is the same kind ser. dont overthink it 🤣 with all respect
No, to COTI treasury will go operation fees. But m...
Not sure what you are complaining about, both SHEN & COTI treasury benefits from djed.. The fee structure wasn't clear before, now it is. 80% of the fees goes to the treasury and 20% goes to shen (but fees are still subject to change, this is just what I see on testnet). It's a win-win for both
Mário
São João
Автор вопроса
I'm not complaining. In your eyes everything is complaining 😉
thats not fixed. its only testnet and may change. u can confirm by looking at the fees on djed.xyz
thats not fixed. its only testnet and may change. ...
When it will change why should i Look at not Real numbers ?
When it will change why should i Look at not Real ...
This is still the testnet buddy. Definitely we'll make changes before mainnet launch
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