I’m a long-term user of CowSwap and was looking through stats on DefiLama lately! I noticed a huge uptick in revenue from a month ago which is impressive! I have bought some tokens since $COW seems extremely cheap with those numbers. My question is given that protocol is generating 10M per month, is it possible to allocate 25% of this revenue to buybacks and make staking possible for cow tokens? Of course this needs to be decided by governance but I think at this stage of sustainability it makes sense!
I suggest you analyze several similar initiatives by other DAOs that involved buybacks — there are different approaches out there, and one of them might suit CoW as well.
If you want to propose something, that’s not a matter of governance— it’s your responsibility.
So please outline what exactly you want to do, how you plan to do it, and why 25% is the proposed amount (did you factor in initiative costs, contributor payments, etc.?).
except this is already happening under the hood.. All surplus is converted into COW which then is used for solvers rewards and the remainders are siphoned into dao treasury. Currently more COW is bought back than paid to solvers… Next missing puzzle would be to vote to implement burning from those excessive COW isntead of funneling it to the treasury, but that would limit potential funding when needed in the future. TLDR Buyback are already working!! The more revenue cow protocl generates the more COW is bought back!! Address: 0xa2bfc70e...c33fb8200 | Etherscan
It’s time for revenue share.