Recently, the community has become lively again—the long-anticipated governance proposal for a major DEX has finally been finalized.

Here's the story: 100 million governance tokens will be permanently burned, which is equivalent to directly "evaporating" the circulating tokens; at the same time, the long-awaited "income sharing" mechanism will also be officially launched.

First, let's talk about the logic of burning. With a total supply of 1 billion tokens, burning 100 million instantly makes the remaining 900 million more scarce. Imagine your assets being diluted by one-tenth; each remaining share's value increases accordingly. Token holders theoretically gain greater purchasing power—provided that the protocol itself operates efficiently.

Next is the fee switch. In the past, most of the trading fees generated by the DEX went to liquidity providers; now, a portion of the fees will be distributed to token holders. In other words, you're not just holding tokens for appreciation; you can also receive regular dividends from the protocol's actual income. It's like owning a stock—there's growth potential and income at the same time.

These two changes essentially mean an "upgrade of the economic model." Previously, user incentives relied on mining; now, the strategy shifts to "deflation + cash flow distribution"—focusing from short-term hype to long-term value accumulation.

What benefits does this bring to the protocol itself? Token holders are more inclined to lock their tokens long-term, making the liquidity foundation more stable; naturally, the ecosystem's user stickiness increases—after all, who would refuse a good thing that allows you to wait for the token price to rise while earning protocol revenue?