OILZ.Finance Token

OILZ Buy & Sell Fees

OilZ buy and sell fees are an important component of the OAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as OilZ 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 (11% for buys and 18% for sells) allows OilZ to provide $OilZ holders with a stable high yield of 498,249% annually.
One additional benefit of the high fees is that OilZ is the only token that benefits when Whales dump because the fees collected support $OilZ holders.

Utility of $OILZ Trading Fees

1. Placement and Utility of $OilZ Trading Fees:

Buy Trading Fees:
LP: 2%
IFV: 4%
Treasury: 2%
The Defenders: 3%
Sell Trading Fees:
LP: 5%
IFV: 4%
Treasury: 6%
The Defenders: 3%

2. Placement

LP - Trading fees goes to backing the liquidity of the BNB/OilZ pair on PancakeSwap ensuring an ever-increasing collateral value of $OilZ.
IFV - Trading fees are stored in the OilZ Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Treasury - Trading fees go directly to the treasury which supports the IFV and provides a marketing budget for OilZ and funds new product development.
The Defenders - 3% of all $OilZ traded are burnt in The Defenders. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $OilZ and keeping the OilZ protocol stable.