Gravity Fee Manager Changes

This proposal seeks to change how the platform fees are handled and distributed to better facilitate the needs of the platform at this time.

Currently all admin fees are split 50/50 into wETH and wBTC. The wETH is available to claim at any time and the wBTC is held in the Governance contract as “backing” and is only accessible through burning a disproportionate amount of GFI.

As Gravity moves towards a time where admin fees are expected to be substantially higher, using these fees for the following purposes could benefit the ecosystem as a whole.

------ Higher claimable wETH earnings ------

• Maximising accessible APR to support the token price and generate greater awareness of the project through data aggregators and social sharing (everyone loves high APRs).
• Ties in with the popular “Real Yield” narrative.
• Allows platform users to decide how they would like to use their earnings. A percentage of users may decide to auto compound into more GFI or GFI liquidity pools.

------ Protocol Owned Liquidity (GFI liquidity) ------

• Increasing the level of overall liquidity of the major GFI pools (USDC, wETH and wBTC).
• Adds buy pressure to GFI with every Fee distribution
• Protocol owned assets can be used for another purpose in the future if voted for by the community (such as Buy and Burn GFI or other incentives).

------ Buy and Burn GFI ------

• Adds buy pressure to GFI and accelerates the deflationary nature of the token (reduces supply). This would allow GFI holders to earn a larger percentage of the overall fees as their percentage of the supply increases.

Voting Method and Eligibility A Ranked voting method is applied and voters must rank ALL options in order of preference. All project wallets and Founder allocated GFI will abstain from the vote.

GFI is counted towards voting power if held in your wallet and/or any of the following 4 Gravity Finance Liquidity pools.

• USDC-GFI
• wETH-GFI
• wBTC-GFI
• wMATIC-GFI

Voting Options

• Vote for a specific option
• Further discussion required
• Abstain

-------------------- OPTIONS --------------------

---- Option 1 ----

• 80% wETH
• 20% Protocol Owned Liquidity

---- Option 2 ----

• 85% wETH
• 10% Protocol Owned Liquidity
• 5% Buy and Burn GFI

---- Option 3 ----

• 80% wETH
• 15% Protocol Owned Liquidity
• 5% Buy and Burn GFI

---- Option 4 ----

• 75% wETH
• 20% Protocol Owned Liquidity
• 5% BTC Backing

---- Option 5 ----

• 70% wETH
• 25% Protocol Owned Liquidity
• 5% BTC Backing

---- Option 6 ----

• 75% wETH
• 15% Protocol Owned Liquidity
• 5% Buy and Burn GFI
• 5% BTC backing

---- Option 7 ----

• 50% wETH
• 25% Protocol Owned Liquidity
• 25% Buy and Burn

---- Option 8 ---- I’m not happy with any of these. Needs further discussion