Abstract
The proposal aims to comprehensively optimize the revenue distribution and governance system of Listapie (mLISTA). This includes adjusting the veLISTA revenue structure, formally authorizing the treasury to manage asset buybacks and liquidity, establishing team fee standards, and adjusting the vlLTP unlock period to a more reasonable timeframe.
Motivation
-
Pursuing Long-term mLISTA PEG Stability: Prioritize resources for repurchasing mLISTA to foster a healthy PEG above 90% in the long term. Replacing unstable high APY with a stable PEG will attract long-term holders and drive protocol growth.
-
Treasury Growth and Resilience: It is expected to increase treasury holdings by over 2 million mLISTA through buybacks within one year, regrowing veLISTA and establishing official liquidity to significantly enhance protocol resilience.
-
Optimizing User Capital Liquidity: By shortening the vlLTP unlock cycle and providing early unlock options, the entry barrier for users is lowered, and the flexibility of capital utilization is improved.
-
LTP Strategic Empowerment: Establish a stable treasury cash flow to create a predictable growth revenue model for the LTP token, gradually transforming it into a LISTA DAT on-chain protocol.
Specification
1. veLISTA Revenue Structure Adjustment
-
50% Revenue Distribution: Directly allocated to mLISTA holders.
-
50% Revenue Buyback: Used to repurchase mLISTA from the market and deposited into the Listapie treasury.
2. Team Management and Performance Fee Structure
-
Management Fee: A monthly fee of 0.042% of the total market value of Listapie’s veLISTA (approximately 0.504% annually).
-
Performance Fee: 5% of veLISTA revenue.
-
Payment Method: The aforementioned fees will be settled and paid by the Listapie treasury on a monthly basis.
3. Treasury Asset Authorization and Utilization
-
Buyback and Liquidity: Authorize the treasury to repurchase mLISTA and LTP tokens and/or establish their official liquidity.
-
Staking Revenue Allocation: Authorize the treasury to stake mLISTA, with 80% of the income distributed to vlLTP and 20% used to repurchase LTP or establish token liquidity.
4. Governance Policy Adjustment
-
Unlock Cycle: Change the vlLTP 60-day unlock period to 30 days.
-
Early Unlock Penalty: Changed to 50% standard fee, allowing users to unlock early; the penalty funds will be returned to the Listapie treasury.
Treasury Address
https://debank.com/profile/0x2e60e356fece8796118c1b610956136d086cbf70