Fair Burn is a specification for processing fees in Stargaze, influenced by EIP-1559.
With Fair Burn, a portion of fees are burned, and the remaining portion is distributed to stakers. Currently, 50% is burned, and 50% go to the Community Pool.
NOTE: In a future version, the Community Pool allocation will be distributed to stakers instead.
Fair Burn also includes a way to incentivize custom smart contract development by distributing some of the fee to a developer address. This developer fee is substracted from the amount burned.
For example, if a developer address is provided, 40% fees will be burned, 10% will go to the developer address, and 50% will go to the Community Pool.
rs
const FEE_BURN_PERCENT: u64 = 50; // 50%
const DEV_INCENTIVE_PERCENT: u64 = 10; // 10%
Contracts can use Fair Burn via one of the following functions.
```rs
/// Burn and distribute fees and return an error if the fee is not enough
checkedfairburn(info: &MessageInfo, fee: u128, developer: Option
/// Burn and distribute fees, assuming the right fee is passed in
fair_burn(fee: u128, developer: Option
Custom contract developers can pass in a a developer
address that will receive 10% of all fees.