TIP10 - Miner fee reimbursement plan for relayers (中继方代付矿工费报销方案)

Background

• According to the design of the Tokenlon protocol, the relayers responsible for matching orders can pay Ethereum miner fees for some users’ transactions
• The design of relayer paying the miner fees can increase the success rate of users' trades therefore bring a better user experience
• As part of the treasury design, the fees collected by Tokenlon protocol will be first used to reimburse relayers the miner fee paid by them
• As of March 22, 2020, Tokenlon 5.0 has accumulated more than $10 million in fees, including 2,987 WETH
• As of March 22, 2020, the Tokenlon relayer has paid 2,560 ETH in miner fee for users
• Based on the above data, it is estimated that 85% of WETH collected by Tokenlon protocol needs to be used for reimbursement of miner fees paid by relayers
• Therefore, WETH part of fees collected by Tokenlon protocol will be directly (partially or fully) transferred to the treasury for reimbursement
• Transferring WETH directly to the treasury can avoid the additional expenses caused by exchanging WETH to LON and then exchange for ETH
• The data provided above can be viewed and verified with the Dune Analytics dashboard here

Goal

• Let the community decide on the miner fee reimbursement plan for relayers

Proposed Action Items

• Implement according to the voting result and will take effect when the LON buyback is launched

Voting Rules

• Addresses with LON balance greater than 0 can vote
• Addresses participating liquidity mining can vote (including unclaimed LON reward)
• Addresses with LON LP token can vote
• LON balance snapshot block: 12100200
• Voting start time: 2021.3.24 7:00 UTC
• Voting end time: 2021.3.26 7:00 UTC

Voting Options

• A. The percentage of WETH transfer to treasury will be dynamically adjusted according to the actual cost of miner fee paid by relayers. At the beginning:
  • 80% of WETH will be directly transferred to the treasury for reimbursement
  • 20% of WETH will be used to buyback LON and then transferred to the LON staking pool to reward LON staking users
• B. 100% of WETH collected will be directly transferred to the treasury:
  • It will be first used to reimburse the miner fee paid by relayers,
  • and then, the surplus will be used to provide liquidity for the LON/ETH AMM pool in the future

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背景

• 根据 Tokenlon 协议设计，负责撮合交易的中继方能够为用户部分交易代付以太坊矿工费
• 代付上链矿工费设计能够提高 Tokenlon 用户交易成功率，带来更好的交易体验
• 作为财库用途一部分，Tokenlon 协议手续费沉淀会优先用于报销中继方为用户代付的矿工费
• 截止至 2020.3.22，Tokenlon 5.0 已沉淀手续费超过 1000 万美元（根据统计时价值），其中包含 2,987 WETH
• 截止至 2020.3.22，Tokenlon 中继方为用户代付矿工费共 2,560 ETH
• 根据以上数据，预计 Tokenlon 协议手续费沉淀中 WETH 需用于报销矿工费的比例为 85%
• 因此，WETH 部分手续费沉淀将会区别于其他代币，直接（部分或全部）转入财库，用于报销
• WETH 直接转入财库，能够避免兑换为 LON 再兑换 ETH 造成的额外开支
• 以上提供的数据都可通过该 Dune Analytics 面板查看和验证链上支持数据

目的

• 由社区投票选择中继方代付矿工费报销方案

提案执行项

• 根据提案投票结果实施，在 LON 回购上线时生效

投票规则

• 持有 LON 大于 0 的地址能够参与本次治理投票
• 参与 LON 流动性挖矿的地址能够参与本次治理投票（包含未领取 LON 奖励）
• 持有 LON LP 代币大于 0 的地址能够参与本次治理投票
• LON 持有量快照区块高度：12100200
• 治理投票开启时间：2021.3.24 15:00 UTC+8
• 治理投票结束时间：2021.3.26 15:00 UTC+8

投票选项

• A. 手续费沉淀 WETH 转入财库的比例，根据实际代付矿工费成本占比进行动态调整，初期：
  • 80% WETH 直接转入财库，用于中继方代付矿工费报销
  • 20% WETH 回购 LON 后转入 LON 质押池，用于奖励 LON 质押用户
• B. 手续费沉淀 WETH 直接 100% 转入财库：
  • 先用于报销中继方代付矿工费报销，
  • 盈余部分用于未来在 AMM 上为 LON/ETH 池提供流动性