Background
- According to the design of the Tokenlon protocol, the relayers responsible for matching orders can pay Ethereum miner fees for some users’ transactions
- The design of relayer paying the miner fees can increase the success rate of users’ trades therefore bring a better user experience
- As part of the treasury design, the fees collected by Tokenlon protocol will be first used to reimburse relayers the miner fee paid by them
- As of March 22, 2020, Tokenlon 5.0 has accumulated more than $10 million in fees, including 2,987 WETH
- As of March 22, 2020, the Tokenlon relayer has paid 2,560 ETH in miner fee for users
- Based on the above data, it is estimated that 85% of WETH collected by Tokenlon protocol needs to be used for reimbursement of miner fees paid by relayers
- Therefore, WETH part of fees collected by Tokenlon protocol will be directly (partially or fully) transferred to the treasury for reimbursement
- Transferring WETH directly to the treasury can avoid the additional expenses caused by exchanging WETH to LON and then exchange for ETH
- The data provided above can be viewed and verified with the Dune Analytics dashboard here
Goal
- Let the community decide on the miner fee reimbursement plan for relayers
Proposed Action Items
- Implement according to the voting result and will take effect when the LON buyback is launched
Voting Rules
- Addresses with LON balance greater than 0 can vote
- Addresses participating liquidity mining can vote (including unclaimed LON reward)
- Addresses with LON LP token can vote
- LON balance snapshot block: 12100200
- Voting start time: 2021.3.24 7:00 UTC
- Voting end time: 2021.3.26 7:00 UTC
Voting Options
- A. The percentage of WETH transfer to treasury will be dynamically adjusted according to the actual cost of miner fee paid by relayers. At the beginning:
- 80% of WETH will be directly transferred to the treasury for reimbursement
- 20% of WETH will be used to buyback LON and then transferred to the LON staking pool to reward LON staking users
- B. 100% of WETH collected will be directly transferred to the treasury:
- It will be first used to reimburse the miner fee paid by relayers,
- and then, the surplus will be used to provide liquidity for the LON/ETH AMM pool in the future
背景
- 根据 Tokenlon 协议设计,负责撮合交易的中继方能够为用户部分交易代付以太坊矿工费
- 代付上链矿工费设计能够提高 Tokenlon 用户交易成功率,带来更好的交易体验
- 作为财库用途一部分,Tokenlon 协议手续费沉淀会优先用于报销中继方为用户代付的矿工费
- 截止至 2020.3.22,Tokenlon 5.0 已沉淀手续费超过 1000 万美元(根据统计时价值),其中包含 2,987 WETH
- 截止至 2020.3.22,Tokenlon 中继方为用户代付矿工费共 2,560 ETH
- 根据以上数据,预计 Tokenlon 协议手续费沉淀中 WETH 需用于报销矿工费的比例为 85%
- 因此,WETH 部分手续费沉淀将会区别于其他代币,直接(部分或全部)转入财库,用于报销
- WETH 直接转入财库,能够避免兑换为 LON 再兑换 ETH 造成的额外开支
- 以上提供的数据都可通过该 Dune Analytics 面板查看和验证链上支持数据
目的
- 由社区投票选择中继方代付矿工费报销方案
提案执行项
- 根据提案投票结果实施,在 LON 回购上线时生效
投票规则
- 持有 LON 大于 0 的地址能够参与本次治理投票
- 参与 LON 流动性挖矿的地址能够参与本次治理投票(包含未领取 LON 奖励)
- 持有 LON LP 代币大于 0 的地址能够参与本次治理投票
- LON 持有量快照区块高度:12100200
- 治理投票开启时间:2021.3.24 15:00 UTC+8
- 治理投票结束时间:2021.3.26 15:00 UTC+8
投票选项
- A. 手续费沉淀 WETH 转入财库的比例,根据实际代付矿工费成本占比进行动态调整,初期:
- 80% WETH 直接转入财库,用于中继方代付矿工费报销
- 20% WETH 回购 LON 后转入 LON 质押池,用于奖励 LON 质押用户
- B. 手续费沉淀 WETH 直接 100% 转入财库:
- 先用于报销中继方代付矿工费报销,
- 盈余部分用于未来在 AMM 上为 LON/ETH 池提供流动性