Trigs
@trigs
Ok @vinayvasanji.eth , or maybe have to pull in @jango.eth ... Studying /revnet Am I reading this right: any project that uses revnet has to pay a 3% tax, indefinitely, as a loan servicing fee, essentially?
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Trigs
@trigs
And it looks like a 5% tax on any cash outs from any project/revnet? Or is it just 2.5%? Wasn't sure if the Nana tax was just for juice's revnet. Just trying to wrap my head around where all the global fees are in this system.
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Jango
@jango.eth
All fees: - Juicebox Protocol takes 2.5% of all outbound funds from the ecosystem. This fee goes into the $NANA revnet. In the context of revnets, this fee gets charged when token holders cash out from revnets with a cash out tax, or when they take out loans, and the token holder paying the fees gets the $NANA. - Revnets take an additional 2.5% on cash outs from revnets. This fee goes into the $REV revnet. So the total is 5% fee of cash outs, and getting $NANA and $REV. - Revnets also take an additional 1% on loans. So the total on loans is a 3.5% of the borrowed amount, and getting $NANA and $REV. Loans also charge fees into the revnet they are taken from, depending on the duration of the loan.
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Trigs
@trigs
ok, perfect. As I thought about it more, I was thinking that the fee structure made sense if there a return flow of $nana and $rev to complete the incentive alignment. You've thought of everything! I'm pretty interested so far.
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Jango
@jango.eth
tight! working on a project?
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Trigs
@trigs
Always! 😂 Have a few projects in early stages I'm definitely earmarking for a closer look at this. I'll keep falling down the rabbit hole, but definitely want to stay in touch. If you have any tips for low hanging fruit to plug into, like a regular community call or a newsletter, I'd jump on that for sure!
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Jango
@jango.eth
@livid the rev.eth.sucks site can be subscribed to via email as an RSS feed right? I can write newsletters and post them there.
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