Please note: Proposals SVIP-1, SVIP-2 and SVIP-3 have been voted on and passed by $SUPER token holders. Voting closed December 5th, 12pm PST which can be seen on snapshot.org.
Treasury Fund Allocation
Category: Fund Allocation
Once staking is made available on the SuperVerse website, the SuperVerse DAO Treasury will be used for the distribution of rewards to SuperVerse DAO members who are actively staking in the designated DAO pools.
Distribution of SuperVerse DAO Treasury Funds:
The revenue split will be programmed and self-executing via a smart contract with the below allocation:
80% Community Rewards
These funds will be redistributed as rewards to SuperVerse DAO members who are actively staking in the designated DAO pools
20% Ongoing Development and Maintenance
A small portion of fees will be allocated to Super Studios for its continued contribution to the development and product maintenance of the SuperVerse ecosystem.
Additional details regarding the distribution and release of funds will be provided at a later date.
The goal of this proposal is to inform the community in the interests of transparency how the SuperVerse DAO Treasury funds will be distributed if the proposal is implemented. The SuperVerse DAO members and the SuperVerse ecosystem benefit directly from Super Studios products and the Super Studios team is receiving funding to continue to develop and maintain products to build out the ecosystem.
The proposed structure provides a sustainable business model for all parties involved.
Assuming SVIP-1 and SVIP-2 are approved:
The SuperVerse DAO will create a smart contract to execute the revenue split
The SuperVerse DAO will conduct a smart contract audit
Steps to Implement:
Staking goes live on the SuperVerse website
Distribution mechanism finalized
Smart contract created and finalized
All steps have been prepared and ready to be implemented