Proposal Type: Core
Creator: YuurinBee Relic Type (Optional): Archmage
Overview: This proposal is for newly recommended Yield Distribution rates and percentages for the long-term health and growth of the MetaBrands ecosystem
Additional Details:
Current Distribution: 80% Relic Owners, 10% Treasury, 10% Burned
Proposed Distribution: 75% Relic Owners, 20% Treasury, 5% Burned
Timeline: Implemented immediately after the first Yield Distribution on January 1, 2022 so future cycles include these updated adjustments
Bounty/Payment: a. n/a b. n/a c. n/a
Receiver: n/a
Final Notes: The reason why I suggest these changes is for the long-term health and growth of the MetaBrands ecosystem, largely by doubling the amount of yield that the MetaBrands Treasury acquires. By having more liquid assets to invest with, MetaBrands is effectively able to scale and contribute to more projects and ecosystems. This isn't only beneficial from the financial or resource perspective, but this allows for MetaBrands to partner and participate in more projects at a higher capacity. If resources are managed properly and favorably, this recommended distribution ratio will help double the growth of the MetaBrands Treasury, without reducing the rate of yield much for MAGE Relic owners (-5%) and only a 5% reduction on MAGE token burning. As a MAGE Relic owner, I would like to see MetaBrands contribute and participate in more projects and ecosystems, which could create more yield in the big picture and more overall growth... compared to the current model which is only 5% higher yield for MAGE relic owners. Additionally, burning tokens is a great mechanic, but we are all aware that minting MAGE Relic NFTs is the biggest deflationary mechanic for the MAGE Token and I think it's better to take 5% of that Yield Distribution and add it to the MetaBrands Treasury for scaling and potential partnerships.