Would be possible/desirable to build a burn mechanism into the protocol? Rather than distributing all MIR from collected protocol fees to stakers, a certain percentage could be burned instead perhaps? It would off set some of the inflationary pressure, and people love deflationary assets in general. What you guys reckon?
Given the current MIR price action i don’t think this is required.
Pretty cool, even if a small portion gets burned. A fomo material, just like the CDP closure fee is used to market-buy MIR.
MIR is capped after 4 years: “There are planned to be a total of 370,575,000 MIR tokens to be distributed over 4 years. Beyond that, there will be no more new MIR tokens introduced to the supply.” (Mirror Token (MIR) - mirror)
Introducing burning makes no sense, but perhaps there are other creative ways to stimulate the ecosystem?