# Percentage of fees used to buy back bal token

**URL:** <https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512>\
**Category:** Liquidity Mining \[deprecated\]\
**Created:** [October 28, 2020, 10:38pm UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512 "2020-10-28T22:38:48Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![celsius](https://avatars.discourse-cdn.com/v4/letter/c/b38774/32.png) [@celsius](https://forum.balancer.fi/u/celsius)\
**Post date:** [October 28, 2020, 10:38pm UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512/1 "2020-10-28T22:38:48Z")

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I’m proposing that pools that receive bal rewards have a percentage of fees used to buy back bal tokens to pay for liquidity rewards to help reduce the inflation on the bal token. The swap fee stays the same but a percentage of that fee is used to buy back bal tokens which will help sustain the price of the bal token.

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**Author:** ![rabmarut](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/rabmarut/32/55_2.png) [@rabmarut](https://forum.balancer.fi/u/rabmarut)\
**Post date:** [October 28, 2020, 11:42pm UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512/2 "2020-10-28T23:42:57Z")

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This proposal is impossible to implement until Balancer v2. There is no mechanism for redirecting swap fees in Balancer v1, and the contracts are immutable.

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**Author:** ![celsius](https://avatars.discourse-cdn.com/v4/letter/c/b38774/32.png) [@celsius](https://forum.balancer.fi/u/celsius)\
**Post date:** [October 29, 2020, 2:24am UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512/3 "2020-10-29T02:24:12Z")

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When is Balancer V2 coming?

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**Author:** ![rabmarut](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/rabmarut/32/55_2.png) [@rabmarut](https://forum.balancer.fi/u/rabmarut)\
**Post date:** [October 29, 2020, 7:46pm UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512/4 "2020-10-29T19:46:20Z")

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Some time in the year 2021.

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**Author:** ![Fernando](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/fernando/32/56_2.png) [@Fernando](https://forum.balancer.fi/u/Fernando)\
**Post date:** [November 2, 2020, 12:39pm UTC](https://forum.balancer.fi/t/percentage-of-fees-used-to-buy-back-bal-token/512/5 "2020-11-02T12:39:43Z")

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We are aiming at the beginning of 2021. More info to be shared hopefully still this year.