BIP: #42
Title: Adjust the distribution method of protocol revenue
Idea(BRC):Discord
BIP by: NFTLZ.ETH#0717
Created: 2023-10-30
Status: Community Review
BIP Editor: NFTLZ.ETH#0717(**@**defiandnft)
Community Recommendations:
Background
The income sources and usage of the BendDAO protocol were introduced in Idea.
Since the launch of the BendDAO protocol, all protocol income has been distributed to veBEND holders. With the adjustment of protocol income entering the treasury, it will affect the earnings of veBEND holders in the short term. In the long run, only by ensuring the continuity and stability of the protocol can veBEND holders maximize their earnings.
Summary
The income of the BendDAO protocol should prioritize the following expenses of the treasury:
- Annual budget expenditures
- Bad debt reserve
When the annual budget funds are insufficient, it is recommended to use 90% of the protocol income to replenish the treasury.
When the bad debt reserve is insufficient, it is recommended to use 50% of the protocol income to replenish the treasury (maintaining the proposal in BIP#38 unchanged).
When the treasury funds are sufficient to cover the above two expenses, 10% of the protocol income enters the treasury, and 90% is distributed to veBEND holders.
Implementation
Based on the budget from September 2023 to December 2023, we can roughly calculate the annual budget to be approximately $400k stablecoins or equivalent assets.
When the available funds (USDT/USDC/ETH) in the treasury are less than $400k, 90% of the protocol income enters the treasury.
When the available funds in the treasury exceed $400k, 50% of the protocol income enters the treasury to replenish the bad debt reserve.
When the bad debt reserve reaches the specified limit, 10% of the protocol income enters the treasury.
背景
在Idea中介绍了BendDAO协议的收入来源以及国库收入用途。
BendDAO协议自上线以来，将所有的协议收入都分配给了veBEND持有人，此次调整协议收入进入国库，在短期内将会影响veBEND持有人的收益，从长远来看，只有保证协议的持续与稳定，才能给veBEND持有人带来最大化的收益。
摘要
BendDAO协议的收入应该优先保障国库的以下支出：
- 年度预算支出
- 坏账保证金
当年度预算资金不足时，建议将协议收入的90%用来补充国库。
当坏账保证金不足时，建议将协议收入的50%用来补充国库（维持 BIP#38 的提案不变）
当国库资金能够覆盖以上两项支出时，协议收入的10%进入国库，90%分配给veBEND持有人。
实施
根据2023年09月-2023年12月的预算，我们可以大致计算出每年的年度预算，约$400k稳定币或等价资产。
在国库中可支配的资金(USDT/USDC/ETH)不足$400k时，协议收入的90%进入国库。
当国库中可支配资金大于$400k时，协议收入的50%进入国库，用来补充坏账保证金。
当坏账保证金达到限定额度后，协议收入的10%进入国库。
POLL
- In favor
- Oppose
0 voters