Summary
This is an update to the existing ongoing proposal of sharing some of the eUSD Revenue with FinTechs(Ugly Cash and Sentz). eUSD shares underlying revenue with distribution partners(i.e. fintech apps) who use and promote eUSD for their customers.
Original Proposal.
eUSD Market Cap(At Snapshot): $22,807,208
Ugly Cash eUSD Holdings(At Snapshot): $2,914,397
Sentz eUSD Holdings(At Snapshot): $1,096,230
Current eUSD RevShare Split:
Ugly Cash: 8.8%
Sentz: 4.6%
stRSR: 83.6%
Proposed eUSD RevShare Split:
Ugly Cash: 12.8%
Sentz: 4.8%
stRSR: 79.4%
*The percentages are calculated based on the amount of eUSD the Fintech Apps are holding relative to the eUSD Market Cap.
These update proposals happen bi-weekly. This will allow onchain percentages to more accurately reflect FinTech eUSD holdings.
Abstract
The proposed proposal, if enacted, would update the Revenue Share in compliance with the rules set forward in the ongoing RevShare proposal.
Problem Statement
See Original Proposal.
Rationale
This update proposal aims to align with previous governance support of the ongoing FinTech RevShare proposal.
Risks
The risk is lowering the overcollateralization. But with the current overcollateralization over 100%, the risk is minimal.
- Yes, I am for this proposal
- No, I am against this proposal
