@BigBrainBriner I like this approach.
Let’s change the nature of the split to favour currency then. The weight of
PICKLE is basically the percentage of revenues we want to go to a buyback (or the percentage of revenues past the cap, if a stablecoins cap exists). I’d propose we pump it to 30% as in a
How much to “trial”?. Of course, we wouldn’t want Treasury erosion. If I imply correctly from your suggestion of $250k if it is
10PICKLE–90ETH (also assuming “currency” to be
ETH since that’s what we will be paying stakers in anyways) then you wouldn’t want to put more than $25k on
PICKLE to start? That leaves a
30PICKLE–70ETH proposal with a starting volume of $83.3k-odd. Seems lowish, maybe we can go $150k.
DevFund swap and price. I am satisfied with this idea. We can use the implied Uniswap price. Think that’s fair. But as @pipickle mentioned for appearances’ sake I think complementary to this swap we could take an opportunity to bring some guidelines to the use of the
DevFund. Especially now the multisig has non-Dev members. Is this fund for the development of the protocol (i.e. operations, in-house design/engineering/r&d, salaries)? Or, is it compensation for the developer-founders? Are withdrawals then possible at any moment and for any amount – or should there be some allocation/vesting – or subject to DAO approval? These answers would all be appreciated by the community.