A community proposal was recently submitted to increase the LCAP governance revenue share to 10%.
While this may benefit LCAP governance vote-lockers in the short term, ABC Labs does not believe this change is in the best long-term interest of LCAP or its governors.
Until CFBenchmarks or MEV Capital weigh in, we’ll be voting against any changes to their share of revenue.
This position aligns with our focus on stability, sustainability, and long-term growth for the LCAP ecosystem.
Thank you for posting this!
I have also voted against this proposal.
Distribution has and always will be key for the long-term growth of Index DTFs. By reducing the revenue share to it’s core contributors we’re reducing their motivation to promote the index through their own channels restricting growth and RSR burn by association.
Also, this proposal hasn’t followed the standard governance flow. By skipping the RFC stage, as mentioned by @starl3xx, key contributors and the wider community have not had the chance to share their opinion on the proposal. Based on this and comments in the Reserve TG regarding this proposal I consider this attack on LCAP governance and encourage everyone to vote against the proposal regardless of what it hopes to achieve.