OIP-16 Platform Fees & Claiming Process

Hey Octonauts,

As we get closer to platform fee collections, we've considered the best ways to distribute collected funds to you, while making it easy to claim.

Our proposed method is as follows:

• Funds will be collected in a stablecoin such as USDC, DAI
• You will be able to claim your respective share of all fees generated by our platform
• You need to stake at least 1 OCTO during a given period of time, where the fees are collected, to be eligible for claiming in that period.
• The amount you stake during that period, determines your share of the fees collected
• The OCTO staking amount is limited initially to 100 OCTO and can be adjusted by OIPs, to promote fairness and broader participation in the beginning.
• You will be able to claim the fees in the crypto asset of your choice.

Just a reminder that nothing is set in stone and can be changed using OIPs, or you can also suggest different ideas on our corresponding governance discussion: https://den.octo.fi/d/147-oip-16-platform-fees-claiming-process

We will include them in another OIP round if required.

Cost: Nil Question: Do you like this idea for fee distributions?

Best wishes,

Dr Octavius.