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phil
@phil
Here is an example of how we could use a /splits contract to reward a Revenue Chair at /purple Setup a Waterfall to split the proceeds from the daily auction w the following tiers: - Tier 1: The 3-month average auction price to treasury - Tier 2: 10% of the average to the Revenue Chair - Tier 3: Remaining to treasury
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phil
@phil
This aligns incentives: - It has no downside for Purple since it captures 100% of the trailing average - If Revenue Chair can consistently outperform historical performance, they earn ETH - Purple still captures upside from residual It would be even better if Revenue Chair could earn a % of upside too cc @abram
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Emre Ekinci
@ekinci.eth
what is a revenue chair
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scottrepreneur
@scottrepreneur
Doesn't seem like we can only compensate the chair for the *increase* in price with this setup?
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