AIP-20: AF1.0 レンディングのパフォーマンス手数料をAF2.0の体系に合わせる

Background

This topic came up as part of the discussion on AIP-21. However, this issue can be voted on as an independent AIP.

Rationale

To increase the yields of Gov Vault and offset impact from the changes in bad debt repayment (AIP-21), we can redirect a portion of Burn to Gov vault to help boost the staking APR%. Please note that we already do this to some extent for AF2.0 where 6% (of the 19%) of the lending performance fees goes to Gov vault. We could apply the same structure on AF1.0 as well. Given there is no new ALPACA emission, the token will always be in deflationary and reducing the burn portion slightly wouldn’t have a big impact.

Implementation

If passed, the new lending performance fees of AF1.0 would be changed to:

6% to Governance Vault 4% to Buyback and Burn

Please note that the structure above is the current structure for AF2.0, while currently 10% of the lending performance of AF1.0 goes to buyback and burn.

Voting

This AIP will be a single choice voting.

  • A YES vote would change the AF1.0’s fee structure to align with AF2.0

  • A NO vote would leave the lending performance fee of AF1.0 as is.

Resolution:

  • The community voted to change the AF1.0's fee structure to align with AF2.0

References:

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