Now, we want to tap into our community’s engineering abilities to help expand the possibilities of our core product - the PickleJars.
Pickle Finance has developed a strong reputation in the yield farming space as a safe and reputable yield aggregator. The pickle-ui repo was also recently open sourced, opening up another part of the Pickle stack. This puts us in a position to attract and to partner with the best talent in DeFi.
Community Strategies who devise PickleJar strategies which are selected for inclusion by Pickle Finance governance will be entitled to a percentage of profit fees.
Entitlement to fees
Currently, the 27.5% fee taken from PickleJar profits is broken down as follows:
- 20% to Treasury
- 7.5% to dev fund
As a starting point, PickleJar profits from strategies by Community Strategists can be given a more favorable allocation:
- 17.5% to Treasury
- 10% to Strategist
This is not the final proposal and other reasonable distributions will be considered. For example, we may wish to give a higher percentage of profit fees to Strategists to more aggresively attract the best developers to Pickle. For reference, Yearn has recently increased their Strategist allocation to 10%.
The framework for accepting PickleJars can be fleshed out as part of this, or in a future discussion, but it should comprise at least the following basic parts:
- The prospective Strategist will create a post in the Strategies section detailing their proposed PickleJar strategy
- The community confirms interest in the proposed strategy through a Snapshote vote
- The Strategist implements the accepted strategy
Strategists are expected to bear their own development, testing, gas, and monitoring costs.
We invite your thoughts and comments on this proposal. Insights on particular implementation details are welcome as well. We look forward to propelling Pickle Finance to the next level through creating partnerships with the leading minds in this space.