Proposal to distribute Instadapp product revenue to DAO treasury
AI summary
This proposal seeks to direct all revenue generated by Instadapp products, including the Flash Loan Aggregator and Lite vaults, to the DAO treasury. This would also apply to future products. If approved, the Instadapp team will transfer $1.3 million in ETH, WBTC, and stablecoins, representing past revenue, from these product contracts to the DAO treasury.
If this proposal passes, the Instadapp DAO treasury will receive a significant initial infusion of $1.3 million and ongoing revenue from all Instadapp products, increasing its financial resources. This could enable the DAO to fund community initiatives or potentially distribute dividends to $INST token holders in the future. No party directly loses, but the product contracts will no longer retain their generated revenue.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
4 votes > 5% VPFull proposal
Recently, Instadapp announced the launch of its new retail focused smart contract wallet Avocado, along with a statement that 10% of all gas fees paid by users would flow to the DAO treasury.
This suggestion was in line with a more general desire to provide the DAO treasury with funds and put it at the helm of the Instadapp ecosystem and operations. In the future, the DAO could use these funds to start funding community initiatives or even distribute dividends to $INST holders.
I am therefore suggesting to distribute all revenue streams generated by Instadapp products to the DAO treasury fro…