Voting mechanism for treasury fee

In order to further increase the communities management of the treasury, we propose for the community to vote on how some of the protocol fees are applied to the POL (Protocol Owned Liquidity) model.

For a three month trial period, the request is that a monthly community vote is held to determine the allocation of 50% of the protocol fees generated in that month. This would be in the form of a snapshot vote, similar to what is being done for the gauge votes for farming incentives.

Only 50% is up for the vote, as base allocation of 25% to both the Steady Beets and Fantom of the Opera pools has been made (Late Quartet is excluded from the base allocation as it is being accumulated under BIP2)

Once the voting is complete, the top two pools will get 25% each.

Pros: - Gives fBeets holders more control over the treasury

Cons: - Bad actors could hijack the vote and elect high risk, highly volatile pools

Please note that the monthly vote will only determine the allocation of that month’s fees.

Pre-existing balances will remain as is. If a rebalance of the treasury is required a separate vote will be had. The topic is open for discussion.

Once the three month trial has completed, the proposal will be revisited.