Haze Finance Treasury v2 (Staking v2) Is Now LIVE

  • In HAZE treasury v2, we take 50% of the funds in the treasury and put that in HAZE-BNB liquidity pool
  • As Haze Finance accumulates more protocol fees, more funds will be added to treasury and thus more liquidity in the HAZE-BNB liquidity pool, the team will be able to distribute the HAZE staking rewards more in bigger chunks.
  • When the liquidity of HAZE tokens is high enough, we will automate the staking rewards distribution process.
  • We take the other 50% of the funds in treasury and use it to buy back HAZE tokens.
  • When the governance goes live, the DAO members can vote on proposals to decide if they want to continue to utilize the funds in the treasury for such purposes.

Why is this better?

  • The goal of this update is to make the treasury the BIGGEST HAZE TOKENS HOLDER. Treasury is the reserved funds for Haze Finance and DAO members can vote on proposals to decide the use of funds in treasury.
  • Putting 50% of the treasury funds to provide liquidity for HAZE-BNB pair not only help to increase and maintain the liquidity of HAZE tokens, which allows for more staking reward distribution, it also ensures that there will always have a great percentage of HAZE tokens being staked in the liquidity pool.
  • Using the other 50% of the funds in the treasury to buy back HAZE tokens will also effectively reduce the HAZE tokens supply circulating in the market.

Where to see the metrics:

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Haze Finance

Haze Finance

This is the official Medium account for Haze Finance— a non-custodial fully private DeFi tokens transactions protocol based on Binance Smart Chain