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VERY Buy and Sell Fees
VERY buy and sell fees are an important component of the VAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as VERY fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.
Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY.
The amount of the fees (14% for buys and 16% for sells) allows VIF to provide $VERY holders with the stable high yield of 486013.66% annually.
Click here to see the breakdown of fees and where they go.