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.
Change in Operational Parameters Proposal.
Current eUSD RevShare Split:
Ugly Cash: 4.3%
Sentz: 4.9%
stRSR: 87.8%
RToken Champion 3%
Update Proposed eUSD RevShare Split:
Ugly Cash: 5%
Sentz: 4.3%
stRSR: 87.7%
RToken Champion 3%(No Change)
*The percentages are calculated based on the amount of eUSD the Fintech Apps are holding relative to the eUSD Market Cap.
These update proposals will move to a bi-weekly cadence. This will allow onchain percentages to more accurately reflect the FinTech wallets eUSD balances in relationship to the eUSD market cap.
Abstract
The proposed proposal, if enacted, would update the Revenue Share in compliance with the rules set forward in the 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 at 87%, the risk is minimal.
- Yes, I support the update proposal
- No, I do not support the update proposal
