The 2% cash grab

Thanks Kiba,
I think the multisig can withdraw from the DPI treasury. That’s how they claim the streaming fee. See Felix’s reply and links to dev docs to my questions . But I’m no expert on code.

Legal risk for the multisig isn’t something I had considered.

I restricted the yield opportunities so a set that few would have objection to. I’m sure that there are better yields out there. I’m happy to miss the 2% target if the reason was that we were cautious in this experiment.

Unsurprisingly, I’ve been thinking about how we can use the income. :owl:

We currently have 190,000 DPI tokens issued, so 0.16% collected in 4 weeks would be about 300 DPI. I would convert the captured value into DPI, then announce that from a set date, we would distribute the 300 DPI at an annualised rate of 2% pa. Then it is exhausted at a period that is entirely dependent on the number of tokens issued (independent of $DPI market price). This should be a simple message that is easy to communicate (300 DPI distributed at 2% PA until it’s all spent, effectively 1% reward):

  • 190,000 DPI issued ~ 4 weeks
  • 95,000 DPI issued ~ 8 weeks
  • 47,500 DPI issued ~ 16 weeks
  • 15,000 DPI issued ~ 12 months

A simple marketing hook to combine with the inherent benefits of diversification within DPI.

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