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TimelessTimelessby0xAfD5f60aA8eb4F488eAA0eF98c1C5B0645D9A0A0McFly

TRC 96 - Optimizing Revenue Allocation: Redirect WETH from oLIT Redemptions and Bunni Swap Fees

Voting ended over 2 years agoSucceeded

The growth trajectory of Bunni has paralleled that of the broader market. However, this doesn't necessarily indicate maturity, as evidenced by the continuous influx of new protocols committed for the long haul. The progress of Liquis and the work they are doing around liquidity can be seen as a catalyst further accelerating the benefits that the protocol provides to both users and projects.

To keep up with the market dynamics and prioritize the sustainability and growth of the protocol, it's essential to reconsider the revenue allocation. Proposing a more sustainable revenue distribution model. Allocate 25% of the WETH garnered from oLIT redemptions to veLIT holders, while redirecting the remaining 75% to fortify the treasury. Simultaneously, direct 100% of Bunni's share of swap fees to the treasury for long-term project health. Script to automate this new setup will follow soon after the voting period.

The primary hypothesis behind these changes is to create an equilibrium between rewarding loyal stakeholders and ensuring the DAO's long-term financial health.

Off-Chain Vote

FOR
2.28M veLIT100%
AGAINST
0 veLIT0%
Quorum:110%
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Discussion

TimelessTRC 96 - Optimizing Revenue Allocation: Redirect WETH from oLIT Redemptions and Bunni Swap Fees

Timeline

Oct 30, 2023Proposal created
Oct 30, 2023Proposal vote started
Nov 02, 2023Proposal vote ended
Aug 25, 2025Proposal updated