OIP-17 Platform Fees & Distribution

Hey Octonauts,

Since launching our community forum (den.octo.fi) we've been met with in-depth feedback far exceeding what we expected.

The community has proven to streamline the decision making process a great deal when equipped with a well structured discussion forum.

As a result we present OIP-17 to combine OIPs 14 and 16, and finalise the details for launching our platform fees sooner than expected.

Fee claiming:

• Fees collected as stablecoin (USDC/DAI)
• Collected fees paid out in stablecoins too
• Fee distribution snapshots occur at the end and beginning of each month (08:08:08 UTC)
• Earnings proportional to OCTO holdings
• Only OCTOs held entire period get paid
• Between snapshots you are free to trade or send OCTO, you just need to hold at the last snapshot the same amount or greater, as at the beginning.
• Project / Exchange Wallets are excluded
• If you hold the OCTO inside an LP share, we can't distribute to you as well, but don't worry you will be able to yield farm and also claim LP rewards anyways.
• Already staked OCTOs from interest program are included
• All holders eligible (no min / max limits)
• No stake to claim required (just HODL in your Ethereum Wallet)
• Platform fee collection addresses will be announced and adhere to our strict transparency standards. 100% of collected fees/commissions are distributed to eligible OCTO holders each snapshot period.

Fee structure: https://den.octo.fi/d/162-oip-17-platform-fees-distribution

Voting will be open for no more than a few days and in the meantime you can discuss here. Some minor changes have been made to the Fee Structure as shown above.

Cost: Nil Question: Shall we combine OIPs 14 and 16 to proceed with fee launch?

Best regards,

Dr Octavius.