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Spectra DAOSpectra DAOby0x46dAEb2C4B3D16DE081f6B0F3aCf29a56Cf89A540x46dA…9A54

SGP 4 - Activate fee collection

Voting ended over 1 year agoSucceeded

Summary:

Activate Spectra Protocol's fee collection to start distributing fees from the protocol to the DAO and APW lockers.

Context:

The Spectra Protocol has the capability to collect fees from underlying yields and bribes. By turning on the fee collection, we aim to activate the fee collection process This will enable the protocol to begin accumulating the following fees: 3% of the underlying yield from tokenized assets and 10% from the bribes made to voters. These fees will be directed to various actors within the Spectra Protocol, the distribution method will be voted on in an upcoming proposal.

Rationale:

Activating the fee distribution will further incentivize token lockers and align their interests closely with the Spectra Protocol. This alignment enhances the value proposition for participants who lock their tokens, fostering a stronger and more engaged community.

Proposal:

We propose to activate the fee collection within the Spectra Protocol. This will effectively levy 3% of the underlying yield from tokenized assets, and 10% from the bribes made to the voters. The exact method of distribution and the allocation proportions will be determined in future proposals, allowing for community input and consensus.

Off-Chain Vote

Yes, activate the fee
3.59M veAPW100%
No, do nothing
34.84 veAPW0%
Abstain
0 veAPW0%
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Discussion

Spectra DAOSGP 4 - Activate fee collection

Timeline

Sep 30, 2024Proposal created
Sep 30, 2024Proposal vote started
Oct 06, 2024Proposal vote ended
Oct 07, 2024Proposal updated