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Locus.FinanceLocus.Financeby0x2aDd55d0E962107D7e7a434610f12957d6f038310x2aDd…3831

Revenue share for Locus holders

Voting ended over 2 years agoSucceeded

NOTE: The subject of this vote is a Revenue share for Locus holders. Please also review other ongoing votes regarding Locus Tokenomics. The full document with tokenomics description is located here: https://docs.google.com/document/d/1b3K_TzRx4L3fr3AW_yQdFYV240XVaqXFyS83DmNthiM/edit

SUMMARY The staked Locus is eligible to receive revenue share from the fees generated by vault products. This is a must feature in the tokenomics to create a flow from the profit that protocol is generating to the Locus holders.

Based on the current fee structure for the current vaults (both can be changed in the future based on governance) protocol generates a 2.2% APR on the total value locked in the protocol. Meaning on average for one million dollars deposited in the vaults protocol earns $ 22,000 annually.

Our initial suggestion is to split the revenue share in half, 50% as revenue share and 50% for the treasury. In this model, the revenue share will generate up to 3% APR in ETH in the first year. (The calculation will be shared in the discussion of allocations.) Therefore, we will need to incentivize the staking of Locus tokens with additional Locus rewards.

The ideal long-term vision is to have 100% revenue share for the Locus holders, but only after implementing features that will create an additional revenue stream for the protocol.

VOTING QUESTION Do you support the activation of a 50% revenue share for Locus staking with the permission of Locus DAO to change these parameters in the future?

Off-Chain Vote

Yes, I support proposal
566.33K MIDAS99%
No, I vote against
911.52 MIDAS0.2%
Abstain
4.7K MIDAS0.8%
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Timeline

Sep 12, 2023Proposal created
Sep 13, 2023Proposal vote started
Sep 20, 2023Proposal vote ended
Oct 26, 2023Proposal updated