Proposal for Updated Protocol Fee Distribution

After long discussions in the governance chat on Discord, an updated strategy has emerged for how we as a community should manage distribution of protocol fees. The new strategy would be as follows:

• 50% of protocol fees will be re-invested into LP'ing on Beethoven-X, controlled by the DAO treasury.
• 30% will be used to buy BEETS off the market and distribute to liquidity providers.
• 18% goes to the team to cover salaries and infrastructure costs
• 2% will continue to go to The Beethoven Climate Fund

Why the change:

You, dear Ludwigs, have made great points that our current fee distribution needs such changes for the following benefits:

• Holding BEETS becomes a claim on a yield generating treasury, which is an improved value proposition.
• The treasury will become a very large LP as time goes on which will act as a solid tailwind for future growth.
• BEETS will grow a large diversified treasury generating a significant yield. With that we are able to distribute higher protocol fee dividends to stakers in the future.
• Simultaneously, buying back BEETS and rewarding those who choose to lock their liquidity would benefit investors in the protocol in short terms as well as helping to stabilize the liquidity.

We believe that this proposal creates a balance for near term benefit and long term growth of Beethoven X, which would be crucial to the protocol and also its users.