0x7000a09c…8105sent to0x00000000…dead·#18,016,153·view on Etherscan
gm or gn.
We have deployed a new Treasury Splitter contract (https://etherscan.io/address/0x7000706e2727686edf46ca0e42690f87b9de1999). This is fundamentally the same as the previous one, but abstracts the "DEVX" outlets into a single PROFITSHARE outlet. The allocations have remained the same as on the V2 Treasury Splitter.
All liquidity hubs and the Ecosystem Splitter have been updated to direct treasury funds to this new contract.
We have also deployed a new profit sharing splitter (https://etherscan.io/address/0x700008707507005e5673b644ecb2387673941000).
When this project began, there were seven developers architecting and building this ecosystem. The original treasury splitter reflects this original profit sharing agreement, with fixed percentages going to each of the seven developers. We now believe that it is appropriate to recognize the important work of three additional contributors.
We stand by the original notion that just under half of the "profit" (that is, funds that have not already been allocated to liquidity and the lending pool) should continue to be paid out to significant contributors to the project. This new profit sharing contract will be flexible enough to allow for new additions and modifications to these allocations. At present this is a trustful activity undertaken by the contract owner (this address). In the future it may have some input from the DAO and likely some internal governance controlling the addition of new shares and recipients.
From the beginning, we have stated that X7 is, in part, an experiment in setting up a truly decentralized autonomous organization. This profit sharing contract is one more tool we have added to the long list of tools to incentivize individual actors to selfishly collaborate as long as it is in their best interest.
Long Live DeFi!