Without a value accrual backstop, tokens are perceived as marginally better than valueless. The INDEX Coop is currently distributing the majority of emitted tokens via a liquidity mining program to individuals who are unclear as to why they should not sell the token at market price upon receipt.
Indicating the intention to return streaming fees to token holders, whether through taking a risk backstop or other means, is necessary. The Coop is mature enough that it should be clear this is the primary INDEX value accrual model in the near term.
0.6685% DPI streaming fees would be issued to INDEX stakers. INDEX would become risk backstop for system.
-Implement Index staking and streaming fee dividend systems
-Implement risk backstop system
Token is perceived as worthless by broader market. Perception of token value lifts treasury, and thus, ability to carry out programs to grow DPI.
If token demand spirals downward, team members will lose motivation and treasury will be less potent.
Agree to general framework of risk backstop and returning streaming fees to INDEX Holdrs
Disagree to streaming fees to INDEX holders via risk backstop