MCCP 20: Overhaul the Governance Fee Flow

It is proposed to overhaul the current governance fees distribution model of the mStable Protocol from the current strategy of distributing 100% of all governance fees to stakers, to instead distribute 50% to stakers, while redirecting the other 50% directly to the TreasuryDAO in the form of native mAssets (mUSD & mBTC).

The RevenueBuyBack contract will be forked to a new RevenueSplitBuyBack contract that sends a portion of the mAssets revenue to treasury and the rest through a buy-back of reward tokens. The buy-back does a mAsset redeem to a bAsset and then a Uniswap V3 swap to the rewards token, eg MTA.

Additionally, a change is proposed to the contract that allows to have the min amount as a parameter, rather than saving in storage, to allow for more versatile swaps with lower slippage.

Links

• RFC: Overhauling the Governance Fee Flow
• Proposal: MCCP 20: Overhaul the Governance Fee Flow
• Discussion: MCCP 20: Overhaul the Governance Fee Flow

Should the Governance Fee Flow be overhauled as proposed in MCCP 20?