Adjust the protocol revenue to reduce the risk from SEC

** Background **

In the past 700 days, BendDAO has distributed 1900+ ETH for the participants, but As SEC supervision becomes more stringent, it will be a risk to do the action in the future. So we will stop the distribution and make all the protocol revenue go into the DAO treasury first.

For the existing VeBend holders, we may find a better way to let you have the chance to grow with us with other equity, and the voting power is still available.

** Motivation **

  • Right now the protocol revenue is 600k/year, sharing half revenue is not enough to cover team & protocol
  • The DAO treasury should keep more money for bad debt
  • The DAO treasury need more money for protocol development
  • Yes, agree on this
  • No, do not agree on this

0 voters

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