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Crystl FinanceCrystl Financeby0xF5A27A4A2f7C13a82690C86B1a3D2Aa0820D4F9a0xF5A2…4F9a

Proposal 6: Use Excess Revenue Sharing Allocation from Previous Months to Increase Polygon Revenue Sharing Pool

Voting ended almost 4 years agoSucceeded

Option A: Use Previous Months’ Revenue Sharing Amounts to Support a Minimum $5k Allocation on Polygon

Option B: Keep Revenue Sharing Allocations on their Respective Chains

Our Revenue Sharing system will serve as not only a way to consistently reward our $CRYSTL liquidity stakers with a portion of Crystl Finance’s Vault Revenue, but also ensures that $CRYSTL will have sufficient liquidity on every chain the token is on (please see here for further details on the Revenue Sharing Model: https://crystlfinance.medium.com/crystl-governance-proposal-1-82302e3f79b4). This revenue comes from a portion of the 5% performance Fees on our Vaults.

Currently of the 5% performance fee, 4% goes to the Crystl Finance treasury and 1% will go to the Revenue Sharing Pool. This allows us to ensure Crystl Finance’s longevity while being able to reward our community. As the TVL of the Vaults increases and a smaller percentage of the performance fee can sustain Crystl’s runway, we will hold an additional Governance Vote to allocate a larger percentage of earnings to the Revenue Sharing Pool. With this system, the rewards to our users will grow dynamically alongside the growth of Crystl Finance! Revenue Sharing Pools are set to go live on 03/14.

Off-Chain Vote

Increase Polygon Rev Share Pool
1.91M 100%
Keep Current Rev Share Amounts
0 0%
Download mobile app to vote

Timeline

Mar 07, 2022Proposal created
Mar 07, 2022Proposal vote started
Mar 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated