HIP-23: Revenue Sharing Model for Intent-Based System (Phase One)
We’re excited to announce the release of HIP-23, which introduces a new revenue-sharing model for the Intent-Based System during Phase One. This proposal is designed to support the Horizon Protocol ecosystem by rewarding stakers, conducting HZN buybacks and burns, and incentivizing trading activities to promote Xpanse.
Key Points:
- 40% of revenue will be distributed to HZN stakers who meet the target C-Ratio, rewarding them in USDC or other stablecoins.
- 40% will go towards HZN buybacks from PancakeSwap, with an initial monthly schedule transitioning to weekly after the first month.
- 20% will be allocated to incentivize trading activities and promote Xpanse.
Staker Rewards:
- Rewards will be distributed to HZN stakers who meet the target C-Ratio, proportionally based on their debt share.
- Monthly distributions will transition to weekly once automation is implemented.
- The first reward distribution is set for February 26th, 2025.
HZN Buybacks and Burns:
- Buybacks will be conducted monthly initially, shifting to weekly after the first month.
- The allocation for buybacks will decrease once the global active C-Ratio exceeds 350%, redirecting funds towards staker rewards.
Incentives for Trading & Xpanse Promotion:
- A portion of the revenue will be used to incentivize trading and promote Xpanse.
Revenue Distribution Transparency:
- Revenue will be manually distributed to a multi-sig wallet owned by Xpanse, with 60% of the total fee generation allocated to Xpanse and the remaining 40% to Symmio.
- Exchange performance and revenue data will be available on SYMMIO’s dashboard for full transparency.
Moving Forward:
HIP-23 represents a crucial step in enhancing the Horizon Protocol’s sustainability and scalability. The revenue-sharing model is designed to create a balanced ecosystem that rewards participants while encouraging growth. We will continue to evaluate the performance and adjust the model as necessary to ensure long-term success.
We value your feedback and encourage you to join the conversation as we work together to strengthen the Horizon Protocol ecosystem!
Xpanse is an AI-powered, multi-liquidity perpetual futures exchange designed to empower traders of all levels.
