This month we have seen little change in the balances held by fintech but an increase in the total supply leading to a slightly lesser share of eUSD held by participating fintechs.
Should the new revenue share be implemented via an on-chain poll?
I voted no for the following 2 reasons.
In the initial Rev Share proposal, a change of ±2% would prompt an update to the distribution percentages and these changes aren’t significant enough for me to support a proposal to change the revenue share.
The previous September 1st Rev Share proposal has been in the “queued” state for ~2 weeks and hasn’t been executed. It doesn’t make sense for me to support another change when the previous change hasn’t been realized for the Rev Share participants.
I thought for sure Tom was mistaken, but upon closer inspection, the proposal has indeed not been executed.
We pushed it to the queued stage but were thinking the fintechs would execute it.
Will execute it now, so we’re at least on the right path.
