Start a buyback program with generated revenue, starting when this proposal passes. The DAO will be voting on the method of buyback which will be outlined below. Bought back $TULIP will be distributed to stakers.
- Buy back $TULIP using 50% of revenue generated from either the highest TVL vault or the highest APY vault on Tulip.
- Stakers will decide which vault to rotate to each month with a governance vote.
- Buy back $TULIP using 10% of revenue generated from the protocol.
- Percentage of revenue used can be changed via a future governance vote. Note that this buy back program does not involve the existing funds in treasury.
- Team will not be staking our tokens at this stage.