Buyback GMX: A Proposal for Reward Distribution Optimization

[mistapie]

Agree with @Jonezee in not doing automatic buyback

Although there may be a middle ground, where x% of fees goes toward buy/burn.

Capital allocation should be a balance between (a) retention for growth, (b) dividends and (c) buybacks.

The launch of v2 is a great opportunity to begin rethinking our capital allocation priorities, which is why I am in favor of the desire for (a) in the “GMX v2: sustainable development” thread as well as adding the wrinkle of using any excess for (c) buybacks.

Gmx v2: sustainable development

Agree with @Saulius on need for some initial figures around budget to support contributors and other DAO expenses, which is likely based on what the team is comfortable sharing re: historical expenses @coinflipcanada 10% as a level seems reasonable to me, knowing that these funds are controlled by the DAO and that any expenses will come from a (future) approved budget. To start the thought process - any excess DAO profit from this 10% (less retaining a reserve) could also be used for buyback/b…