SIP-0051 - Adjustment of the AMM fee split

[yago]

I have responded to this here:

[Circle of Tokens] Regarding protocol revenue

@lactarius please DM me on Discord. @Sacro - I am skeptical this will have enough impact on staking revenues to have any appreciable impact on SOV price. We need to be much more creative for price increases than that. Let’s assume this doubled AMM revenue to staking - that’s $10-20k a quarter. That’s not going to move the staking meter. I disagree that the SOV price is a danger to the project. It is a hindrance to the adoption and growth of Zero and that is where we must be focused now. First…

My overall view is:

1. that we need to in-calculate a long term HODLer culture for Sovryn becuase it is a long term project.
2. We need to change the value prop - so that it is more long term focused and less about bi-weekly distributions.

As an example, imagine a programme where if you buy SOV off market and lock it up for a 5 year HODL, we double your SOV (by adding an equivalent amount of SOV to your HODL contract). This would need to be paired with an education campaign to teach people about why Sovryn is not the present but the future. Sovryn’s could organize meetups in their cities and I could come as a visiting speaker. I am trying a first example of this next week at a University.