Wheat is the incentive token of the ecosystem, including Growth DeFi’s yield optimizer of the same name. Buyback and burn mechanics are implemented through performance fees on stkTokens in combination with fee collectors. This will eventually make WHEAT deflationary over time.
stkTokens are tokenized yield farming positions in different protocols such as ApeSwap and PancakeSwap.
The standard performance fee for stkTokens is 5% of the token it is yield farming. In the case of ApeSwap and PancakeSwap strategies, these fees go to the respective fee collectors.
There are no deposit or withdrawal fees in stkTokens V2. They are used as ilks for MOR, and having deposit/withdrawal fees would only add friction.
Inflows: performance fees from stkTokens + staking rewards from CAKE and BANANA fee collectors
The long-term goals for WHEAT are:
Decreasing the emission rate overtime
Increasing the total fees collected from performance fees through larger adoption of MOR (resulting in more TVL for stkTokens)
Increase the holdings of CAKE and BANANA in the fee collectors
Lower the WHEAT supply through constant buybacks with the fee collectors
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