We find this proposal to be well-designed in addressing the critical need for transparency and alignment between protocol revenue and sENA holders. The initiative raises important questions about the current revenue structure while thoughtfully approaching potential changes through a measured, milestone-based framework.
The proposal effectively identifies the existing misalignment between protocol success and sENA value accrual. The focus on establishing clear parameters before implementing any revenue sharing is a pragmatic approach that prioritizes the protocol’s stability and maturity.
The requested clarifications regarding historical and future revenue flows, particularly concerning any potential “dual class” structures between equity and token holders, are especially pertinent given recent industry experiences. This emphasis on transparency should help establish greater trust within the ecosystem.
One aspects of the proposal that could benefit from additional specification would be a more detailed exploration of the underlying mechanism for revenue distribution to sENA.
We particularly appreciate the proposal’s acknowledgment that immediate revenue sharing may be premature, coupled with the request to establish clear conditions for future implementation. This approach helps ensure that any changes to revenue distribution will occur at an appropriate stage of protocol maturity.
Overall, we support this initiative as it represents a thoughtful step toward improving alignment between protocol success and token holder value while maintaining appropriate focus on sustainable growth and transparency.