Taxation
Last updated
Last updated
The stabilization of the token market price is directly impacted by the PPT tax, which is a tax levied and imposed for price protection. When the user claims the GRV reward interest claim via farming, the amount of GRV is removed and paid by the corresponding rate. This happens automatically when the GRV market price is beyond the reference price.
Therefore, until they obtain the GRV through a claim, the direct user's GRV quantity will not drop even if the price is in that range. And as a result, it has no impact on your lending pool APR.
In order to avoid profit monopolization, the GRV price snapshot time (depending on the setting) is determined based on the average price of the preceding 7 days. Light green users get a 50% reduction off the upcoming tax, and green users are free from the applicable tax.
Reference Price: The GRV quote's weighted moving average price over the last 7 days. It is a tax applied at the time of the user's interest claim if the current GRV price is by a specific percentage or less than the standard price.
When to apply: Automatically implemented at a certain time following a daily price screening and price snapshot (Reference Price).
Price Oracle: Whitehole DEX GRV-USDT Liquidity Pool
Phase 1
Within -10%
10%
Phase 2
-10% ~ -20%
20%
Phase 3
-20% ~ -30%
30%
Phase 4
Above -30%
50%
The moment of claim is when all taxes are assessed. Consequently, even if you are at that point, it won't instantly have an impact on your Unclaimed Balance.
In addition to being instantly sent to the GRV Treasury and burned, the GRV collected as tax can also be airdropped to users in high tiers.
Green
100% deduction
Light Green
50% deduction
Yellow
Same
Orange
Same
Red
Same
Green
0%
Light Green
0%
Yellow
0%
Orange
20%
Red
40%
With a variable tax rate for each Eco Score, interest claim tax (also known as Claim Tax) is a tax that is constantly applied.
The tax on interest charges does not apply to users in higher tiers
The moment of claim is when all taxes are assessed. Consequently, even if you are at that point, it won't instantly have an impact on your Unclaimed Balance.
In addition to being instantly sent to the GRV Treasury and burned, the GRV collected as tax can also be airdropped to users in high tiers.
Green
0.1%
Light Green
0.15%
Yellow
0.2%
Orange
0.5%
Red
1.0%
This is the charge made when withdrawing assets that have been deposited (BTC, USDT, ETH, etc.).
The fee decreases with the higher Ecoscore.
This fee is what you pay when you withdraw assets.
The tax rate is established at the moment of withdrawal by identifying the user's tier.
Tax assets are instantly transferred to the rebate pool and given each week to veGRV holders
