[RFC] eUSD Revenue Share Update July 28, 2024

Hello,

In accordance with the previous proposal, here are the updated yield splits to Fintech companies that are using eUSD:

Ugly Cash: 4.1%
Sentz: 3.2%
stRSR: 92.7%

Ugly Cash destination address:
0x12ec148a193BA7b3a141ce6d02AdE326883d28D9

Sentz destination address:
0x2e3F334f9035aAB204347508415dEc785cd5075E

A few things that we need to decide on:

How often should we be evaluating the revenue splits?
If there has been no change in a given period, should we wait for a “trigger” of balance change before putting forward another proposal?
What sort of things should we be including in these RFCs? I feel this RFC is quite empty, and it doesn’t quite apply itself to the typical RFC template.

If this RFC is seen favorably, it will move to an IP and will subsequently be voted on.

Previous proposal:

  • Yes, I support this proposal
  • No, I do not support this proposal
0 voters
2 Likes

In the original proposal under the section “Proposed Program and How it Works”

The following was suggested: “Every month (or every two weeks), governance can check fintech wallet balances, and if changed by ±2%, then propose and execute a proposal to shift the revenue share of eUSD.”

I think it would be a good idea to define what day to take the snapshot of the wallet balances, so that all Rev Share parties can understand when the snapshot takes place every month.

I also think it would be a good idea if the Rev Share update proposals follow the suggested governance flow.

2 Likes

thanks for pulling together @Braden. Agree on Gov process + defining date. The first as suggested by @Tom_hyUSD makes sense to me. Anyone have other ideas?

3 Likes

I propose we take a snapshot on the first day of each month and compare it with the snapshot from the first day of the previous month. If the share has changed by more than 2%, we should proceed with an adjustment immediately following the first of the month. Additionally, I suggest that we always round up to the first decimal place to avoid overly complex and lengthy figures. :+1:

1 Like