TIP 01: Turn on the fee switch

This proposal is to enable fee participation for stTLX holders. As by protocol design, 100% of streaming fees and redemption fees are accumulated in the staker contract. Note that redemption fees are only collected by the protocol when a referral code is not applied (when a referral code is applied the redemption fee is split between the referrer and the referred user). All fees accumulated by the staker contract are held as sUSD.

In the 5 days since launch, TLX leveraged tokens have drawn in:

• $6.3m TVL
• $12.4m volume
• $24m open interest

As a by product of this rapid growth, the TLX protocol is now generating a significant amount of fees on a daily basis. With fee participation not enabled, stTLX holders are currently earning what would equate to roughly 148% APR in sUSD rewards. Given current staker participation and daily fee generation, now would be an appropriate time to enable fee participation for stTLX holders.