Kanpai 2.0 [Implementation]

This proposal’s expectation is to produce an implementation. Full details and discussions thus far can be found at:

https://forum.sushi.com/t/reinstated-increase-kanpai-treasury-allocation-to-100/11475

Following snapshot is for this proposals signal to advance to this implementation vote:

https://snapshot.org/#/sushigov.eth/proposal/0xd817c716ff271f5141cfe112e1fd7b652f961b4c965852eb44d8ed1ec3a5d3b5

Synopsis:

With the introduction of Kanpai and a Treasury Payout Ratio, this proposal is a modification of the previously set payout ratio from 10% to 100% of the Sushi fees to the Treasury. Payout Ratio to the Treasury will stay in place for one year or until new tokenomics are implemented.

Premise of the proposal is roughly the same from the signal vote, but with clear guidelines set in place for the timeline of the enacted proposal. The proposal ensures that the 100% ratio of fees to the Treasury will only be in effect for a maximum of one year from when the signal vote passed on Dec 19th 2022. Thus, this means that a hard-stop will be in place for Dec 19th 2023 and the Kanpai payout ratio will revert back to 10% to Treasury and 100% to Sushi Bar. Also, implementation of new tokenomics will also be a cause for a hard stop on the fee re-direct and migrating to the new structure once it’s passed through governance/development and is ready to integrate.

Additionally, a governance dashboard will be developed to give full transparency & insights into the operations budget and the treasury’s assets.

To summarize the proposal seeks to direct 100% of the revenue earned through fees to the Treasury, with two conditions causing a hard stop:

1. A year has passed with no tokenomics in place (Dec 19th 2023)
2. New tokenomics being implemented

Revenue to the treasury will be in the form of 50% ETH and 50% USDC, with projection of ~$6m being earned over the next year if this proposal were to pass.

TLDR:

100% fees to the Treasury with a hard-stop in 1 year or when new tokenomics are implemented

Sushi Gov dashboard to follow with full transparency in the DAOs spending and revenue