CHSB Buyback is a program that works alongside Protect & Burn to support the SwissBorg ecosystem.
CHSB Buyback uses a percentage of the fees earned through the Smart Yield program to buy back CHSB on a weekly basis.
The percentage is determined based on the Community Index level, and the number of consecutive weeks the Community Index has been in a certain range, with up to 100% of the fees being used to buy CHSB when the Community Index is higher than 9 for nine straight weeks.
Simply, the higher the Community Index, and the longer it stays at high levels, the more fees we will use to buy back CHSB.
How are Smart Yield fees generated?
SwissBorg takes a portion of earnings from the Smart Yield program as fees. For standard users, this is 50% of yield earnings, while Premium users pay less in fees in order to earn a higher yield.
Learn more about how Smart Yield fees and yield boosts work here.
Proportion of fees used for buy backs
|
|
Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 5 |
Week N+5 |
|
Community Index: >9 |
90% |
90% |
92% |
94% |
94% |
+2% per week, max 100% |
|
Community Index: 7-9 |
70% |
70% |
72% |
74% |
76% |
+2% per week, max 90% |
|
Community Index: 5-7 |
50% |
45% |
40% |
35% |
30% |
30% |
|
Community Index: 3-5 |
30% |
25% |
20% |
15% |
15% |
15% |
|
Community Index: 1-3 |
20% |
18% |
16% |
14% |
12% |
12% |
You can see the latest buyback information on our website at https://swissborg.com/chsb-overview
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