During the first few days of minting nDefi, the 0.5% Polly minting fee was kept in the treasury. Now the burn function has been enabled and the 0.5% fee is burned for each nDefi mint. Proposal is that the accumulated fee during the time period where the burn was disabled, is used to purchase and burn polly immediately.
Rationale: this is aligned with the current governance of Polly. The only reason the burn was not enabled at the beginning was to prevent liquidity or price issue. Now that sufficient liquidity exists, a retrospective burn should be completed.
NB: I wanted to submit this as a proposal, but seems like I do not have the permission to do so hence posting in Concepts.