Grand Vaults
We learned a lot about the vaults and how we can make them even better - so we created "Grand Vaults" (v1.2) - here you can learn all about them!
Grand Vaults are the next version of the vault smart contract of Gangster Finance. They differ in only one small aspect, but they're a great step towards creating the larger ecosystem of Gangster Finance.
Upon deposit and withdrawal, the 10% fee which is collected is broken into the following portions: - 6% to the Drip Pool - 2% to Instant Dividends - 2% to the Buyback Fund
The Buyback Fund is a special allocation which adds value to the Gangster Reserve contract. Gangster Reserve is a whitelist-guarded contract which holds tokens and value for later use within the Gangster Finance ecosystem. The buyback funds are swapped for a desired token via an AMM router contract (typically, this will be PancakeSwap), and sent directly to the Reserve contract.
Anyone can trigger a buyback operation - the function is separate from any other call in the contract, so the cost of the swap and transfer is not a burden of any Gangster unwillingly. Note, there is no personal reward for triggering buybacks - it's a community-focused function and feature, ready to be built and expanded upon in the future.
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