Skip to content

What should happen with the burned funds? #1

Description

@simondlr

As part of the current protocol design, funds are burned when paying to beneficiaries of a meme, in such a way that incentivizes beneficiaries that provably foster the meme. It's a schelling point game to give funds towards beneficiaries that are more likely for the meme to attract attention. If it is the most received beneficiary, they receive more of the funds, and less is burned.

The fee/burn to orchestrate can be used in interesting ways:

  1. Provably, and totally destroy the funds.

  2. As an overall meme markets reward. In other words, using meme markets itself, one can own a portion of the meme markets fees that are burned. #mememarkets would become a special/unique meme. Buying action coupons in this meme entitles one to the burned fees of all memes on the whole platform. This seems nice for early adoption, but a core purpose of the meme markets design is to not overly reward early adopters too much.

  3. An action coupon can be dispensed and given back a portion of the burned pot (what portion this should be, is uncertain). Thus, one can get back one's ETH if one wants to leave, but at a cost.

Any other ideas?

Activity

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment

Metadata

Metadata

Assignees

No one assigned

    Labels

    No labels
    No labels

    Projects

    No projects

      Milestone

      No milestone

      Relationships

      None yet

      Development

      No branches or pull requests

      Issue actions