🧬Trading Fees Explained

Buy Trading Fees: 1% - Elastic Yield Insurance Fund (EYIF) 2% - Treasury (Marketing & Development Fund). 1% - ELYI Fire Protocol

Sell Trading Fees:

1% - Elastic Yield Insurance Fund (EYIF) 2% - Treasury (Marketing & Development Fund). 1% - ELYI Fire Protocol

1. EYIF - Trading fees are stored in the Elastic Yield Insurance Fund (EYIF), which helps sustain and back the staking rewards provided by the positive rebase.

2. Treasury - Trading fees go directly to the treasury, which supports the EYIF and provides a marketing budget for Elastic Yield and funds new product development.

3. ELYI Fire Protocol - 1% of all $ELYI traded are burnt in the ELYI Fire Protocol. The more that is traded, the more tokens get added to the fire, causing it to grow in size through self-fulfilling auto-compounding. This process reduces the circulating supply of $ELYI and helps keep the Elastic Yield protocol stable.