Kanpai [SIGNAL]

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

https://forum.sushi.com/t/kanpai-bear-market-protection-with-treasury-revenue/4310

Introduce a governance-controlled ‘payout ratio’ parameter (e.g initially set to 95%). This will divert a portion of trading fees (100% - payout ratio) from xSUSHI stakers to the Treasury as revenue denominated in a reserve asset, e.g. ETH or DAI. At a payout ratio of 95%, xSUSHI holders are paid out 95% of the 5bps. Introducing retained earnings will offer valuable bear market protection as well as allow SUSHI holders to govern a new cash flow, which could be used to reinvest in growth or generate non-operating income.

Further voting on parameters would start once this is passed mainly Payout Ratio & Income denomination to officialize them the 95% is indicative only

Chef's Recommendation : A great proposal worth reading at length which adds a new flow of assets to the treasury that can be productized down the road to bring more revenues to xSushi holders while making our finance more sustainable and robust in the long term the impact should be minimal while not bringing into circulation more Sushi. 0xMaki