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RE: Revamp Market Fees to Include 2% DAO Royalty

in #spsproposallast year

Hey @cryptoeater what a great reply. I love how you engage people.

Regarding the point you tagged me on, I would like to address my thoughts in more detail.

The DAO is the community. The community can decide what to do with funds it owns. It can use funds to create value, such as you mentioned by enabling ranked play rewards after the SPS drops stop.

There are many other ways to create value as well, such as the DAO can invest and support our ecosystem via LPs. The DAO can also contract 3rd party Devs to do projects that SPL doesn't have time/manpower/funds to do.

On top of creating value directly with the funds, the DAO can also decide to BURN any or all of their assets at any time. This is also a creation of value to the token holders as it would reduce the supply.

The reason I am so adamant in the DAO getting the funds directly is because whether we use the funds or we destroy the funds its really a separate decision for the DAO.

In my opinion, the DAO and the community are interchangeable words. So whenever there's a choice to give funds to the DAO, its really a choice to give funds to the community. And what the community (DAO) does with those funds will be best for the community. Why? Because the community will decide the fate of those funds, and you can't get a better system than the community controlling its own destiny.