Allocate 33% of weekly protocol earnings (~$20k) directly to Andre as compensation. The other 67% (~40k) is allocated to an operational expense fund.
Yearn.finance is currently generating roughly $60k in weekly earnings. These earnings are distributed to YFI holders who vote on recent proposals. This proposal would allocate 33% of weekly earnings directly to Andre as compensation; the other 67% to an operational fund used for audits, UI/website improvements, contract deployments, technical documentation and/or user guides. Weekly earnings would be distributed to the multi-sig to hold the 67% and send the other 33% to Andre.
In response to a recent article (https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi?utm_source=twitter&utm_medium=social&utm_campaign=auto ) it has become apparent that a portion of the protocol earnings should be immediately set aside for developer compensation, audits, UI improvements, smart contract deployments, technical documentation and/or user guides that will help users correctly utilize yearn.finance products.
Protocol earnings will be distributed to the multi-sig wallet, which will directly send Andre 33% of weekly earnings. The remaining amount will be set aside for audit expenses, UI improvements, contract deployments, and/or costs related to the creation of technical documentation.
Earnings will be allocated to this fund until they reach $500k. Once $500k is accrued in the treasury, protocol earnings will no longer be diverted to the multi-sig and instead will be allowed to be claimed by YFI holders in the governance contract (current model).
Expenses under $50k and used for the items mentioned above do not require a governance vote; however, single expenses over $50k and not listed above would be voted by governance before spent.
For: Reallocate earnings in the manner described above.
Against: No change to the distribution of protocol earnings.