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.
Current eUSD Market Cap: $27,799,002
Ugly Cash eUSD Holdings: $1,906,555
Sentz eUSD Holdings: $1,094,683
Current eUSD RevShare Split:
Ugly Cash: 6.9%
Sentz: 4.5%
stRSR: 85.6%
RToken Champion 3%
Update Proposed eUSD RevShare Split:
Ugly Cash: 6.9%
Sentz: 3.9%
stRSR: 86.2%
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 what is in the FinTechs wallets.
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
There is a slight increase to the stRSR percentage, but there are no risks associated with this change.
- Yes, I am for this proposal
- No, I am against this proposal
