RE: Revamp Market Fees to Include 2% DAO Royalty
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I did some maths, and it looks like, with current market activity, we'd easily fill the reward pools with the DEC generated from market activity at the current volume levels.
It would also result in more rewards at the Champ end of the spectrum, while ensuring that no new DEC would be issued.
Perhaps its two birds with one stone.
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Thanks for the time you put in to write this up, it is indeed a great idea! The original idea is that once SPS emissions end, the ranked rewards will come from the DAO which is funded by the market, but with your idea we can basically cut the SPS emissions now and use the DEC from the market fees to pay ranked immediately.
However, I do not want to change this proposal into that but I do think your idea has a lot of merit and will be a natural next step. I would just make one small amendment, and make it a rolling average of perhaps 10 weeks of DEC income, this way it will remove the con of potentially different rewards each season, there will still be variance but using 10 week moving average should reduce it significantly. This can be done by accumulating DECs 10 weeks prior to this update, then each season we distribute 10% of the rewards pool
Great improvements. I'd vote yes to a future proposal like this, and I hope the community would as well.