Layout how one method could be, at 10% of Rev gen, to user.
using Foxatar as Gate.
Icopied from discord discussion:
10% of rev shared back if you just have a foxatar and then incrementally increase that for users with a time-locked stake in fox - @N0L1F3 great call and similar to what @JonisJon recommended for def1's proposal. will add this to the list of experiments that can be run. potentially we start with this, but I like the idea of starting simple and then incrementally adding these things and measuring the impact September 2, 2023 12:34 PM (EDT)
**September 2, 2023 12:38 PM (EDT)September 2, 2023 12:38 PM (EDT)September 2, 2023 12:38 PM (EDT)
here's one possible config. community can decide what % to reward to users at each tier, how much to allocate to FOXy, and how much of the revs to spend buying back FOX vs. retaining in treasury. i think it's a pretty idyllic core tokenomic model for FOX that also has the benefit of rewarding users with FOX, decentralizing shapeshift governance to its users, and giving several reasons to hold FOX including sustainably yield from revs as well as value accrual from buy backs September 2, 2023 12:39 PM (EDT)
A 25 bps fee can be applied to ShapeShift native product offerings.
is this for protocols that shapeshift develops itself, or are you saying adding fees on top of protocols? i've always said that I'm not opposed to shapeshift earning protocol fees from protocols it creates (such as FOXy v2). if we're talking about adding fees, i would support this as one of the final experiments for FOX rewards if we find that no fees + FOX rewards isn't enough