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Currently all fees accrue in the FeeRecipientProxy on each chain.
These fees are in shares of the vault/adapter.
The FeeRecipientProxy just holds them and allows the owner to approve some other address to withdraw all shares.
Now we need to figure out a system of smart contracts that can redeem these shares for either a base asset or convert them to only one type of vault shares. This base asset/ vault share should than get distributed to POP stakers.
This should be possible automatically or with minimal maintance.
Since we are live on multiple chains we would need to figure out if we bridge all fees back to mainnet or if stakers can decide on which chain they stake.
We can use curve as inspiration to figure out how they distribute fees.
The text was updated successfully, but these errors were encountered:
Currently all fees accrue in the FeeRecipientProxy on each chain.
These fees are in shares of the vault/adapter.
The FeeRecipientProxy just holds them and allows the owner to approve some other address to withdraw all shares.
Now we need to figure out a system of smart contracts that can redeem these shares for either a base asset or convert them to only one type of vault shares. This base asset/ vault share should than get distributed to POP stakers.
This should be possible automatically or with minimal maintance.
Since we are live on multiple chains we would need to figure out if we bridge all fees back to mainnet or if stakers can decide on which chain they stake.
We can use curve as inspiration to figure out how they distribute fees.
The text was updated successfully, but these errors were encountered: