BIP 68: ibBTC Yield Retention Model

TL;DR

• All selling capacity of partner token harvests across all vault depositors is used to support yield in ibBTC
• In return ibBTC will distribute a portion of its token based yield across all eligible vault depositors. Gross base yield for all vault depositors will go up
• Performance fees will be collected 100% in vault tokens
• The portion of yield autocompounded for vault depositors will be variable
• Vault Depositors have opportunity to earn more additional yield than what is collected for performance fees, potentially becoming fee-negative.

pre-BIP community discussion: https://discord.gg/nyzGTYvM BIP: https://forum.badger.finance/t/bip-68-ibbtc-yield-retention-model/4959