Now that the tiprouter proposal has passed, I’m curious if it makes sense to increase the relative share of the tiprouter fees that JTO holders receive. Currently sits at 15 bps, I’m imagining increasing it some significant amount out of the treasury’s share of fees.
As the JTO and the Solana network matures, you can expect the JTO token to be valued on something approximating a DCF analysis of future fee distribution.
The treasury is well funded, but in native JTO, so there are some positive flywheel effects to increasing the JTO distribution. Similarly, you could see scenarios where the treasury keeps a higher distribution percentage but the JTO token marks down significantly to adjust for the limited fee distribution, so the treasury actually loses purchasing power over certain time horizons.
I’m sure you could put together some numbers around this and enumerate the positive sum effects of higher JTO rev share, which would include direct economic effects as well as some governance incentive alignment, but I wanted to quickly hear if this idea seemed attractive to other community members before putting more work in.
Let me know your thoughts!