TRTL-0006: Disposition of Swap Penalties Levied

As passed and implemented in TRTL-0004, penalties are now being levied on swaps until the end of the v1 chain.

In outlining that proposal, it was stated that the final disposition of the collected penalties would be determined at a later date via a vote. The vote is now.

A number of options were discussed in the #trtl-governance channel and the following options have been presented. Please be sure to read and understand any notes provided for each option before voting. Simple majority wins.

Option 1: Burn Them

Put simply, we'll burn the swap penalties collected at random unannounced times on random unannounced dates. Simple as. This is what the burn() method on the contract is for.

Option 2: Establish a Discretionary Fund

The swap penalties will be retained as a discretionary fund. The use of those funds will be at the discretion of the developer(s) (via the multi-sig wallet) and input from the community will be considered (but not necessarily followed) on their usage. Examples of how these funds might be used include things such as development funding, burning them, R&D funding, burning them, community events, burning them, grant programs, burning them, saving sea turtles, burning them, marketing efforts, burning them, feeding a village, and/or burning them.

Option 3: Establish a Grant Program

Retain the swap penalty funds and use them, sometime in the far future, to establish a grant program to help the v2 network gain traction (after it has launched) by enticing people to build new things on that network. Funds will not be used to provide grants to entice people to build on the Fantom Opera or any other network than native TRTL networks. Funding grants would be decided via formal votes.