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Honey DAOHoney DAOby0x654750C0643097E242651270136e9fF8343e89d1haikukoten.lens

Does the DAO accept the new Dealer fee structure?

Voting ended over 4 years agoSucceeded

Context and Discussion - https://hive.honeydao.com/t/new-dealer-fee-structure-more/357

Previously, the fees were mainly based on future token prices. The current proposal is for the following :

  1. Payment of 3% of the deal value after successfully closing a deal. The payment will be based on time before TGE (if TGE is in 12 months from the closure of a deal, the advance fees will be spread over 6 months, time left for TGE/2, starting on deal closure). This payment will only be done when the treasury has 7x the total amount to be paid. If the treasury holds less than 7x the total amount to be paid, it will be paid out sequentially when the treasury has 7x the amount to be paid, i.e., Deal closed with $100k funding Originally 12 months to TGE 12 months/2 = 3% to be paid out over 6 months ($500/month) Treasury funds < 7x amount to be paid for first 2 months 3% will be paid out over 4 months ($750/month)
  2. There is no change to the fees from a deal, i.e., 1% of total tokens.
  3. There are no changes to the total fees from the members, i.e., 7% of the tokens minus the initial investment.

EXECUTION

If the proposal passes, all the pending fees will be paid sequentially. As mentioned above, the treasury needs to have at least 7x the amount for the payment to be disbursed else, it will be paid when the treasury has the mentioned amount. A bounty will also be posted to keep records of payment and intervals of such fees.

CAVEATS

Understandably, there will be times when the DAO may not have the amount to payout in which payment would spread out over several months. If the dealer is dissatisfied with having sequential payments, he/she can work out a deal with the Core Members so that a different payment scheme can be used to pay out the fees without affecting the treasury. In such cases, dealers need to come forward to work out the scheme with the Core Members.

Off-Chain Vote

Yes, this good for the DAO
47 100%
No
0 0%
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Timeline

Nov 02, 2021Proposal created
Nov 02, 2021Proposal vote started
Nov 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated