PYRA Buy and Sell Fees
PYRA buy and sell fees are an important component of the PAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as PYRA 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 (1% for buys and 15% for sells) allows PyramiDAO to provide $PYRA holders with the stable high yield of 1,054,834.58% annually.
One additional benefit of the high fees is that PYRA is the only token that benefits when Whales dump because the fees collected support $PYRA holders.