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        • HIP-23 Revenue Sharing Model: Intent-based System Phase one
        • HIP-22: Create a zUSD - USDC pool on Pancakeswap V3
        • HIP-21: Stop Incentives to the zBNB - BNB pool on Wombat Exchange
        • HIP-20: Suspend zMATIC Market and Introduce zPOL Ahead of MATIC to POL Migration
        • HIP-19: Temporarily reduce C-Ratio to 350%
        • HIP-18: Add DOGE and SHIBA to Horizon Futures
        • HIP-17: Add DOT, AVAX, and MATIC to Horizon Futures
        • HIP-16: Add XRP, ADA, and LINK to Horizon Futures
        • HIP-15: Add SOL to Horizon Futures
        • HIP-14: Reduce Trading Fees during Horizon Futures Promotional Period
        • HIP-13: Suspend zNVDA market ahead of Stock Split and convert zNVDA to zUSD
        • HIP-12: Updated Utilization of zUSD & zBNB Liquidity
        • HIP-11: Redirect HZN from EARN Pool to PancakeSwap as ‘Bribe’ using Cakepie
        • HIP-10: Use zAssets from Community Fund staking to provide liquidity on Wombat via Yield Aggregator
        • HIP-9: Redirect HZN from EARN Pools to Wombat Exchange as ‘Bribes’
        • HIP-8: Move the zUSD-BUSD and zBNB-BNB Liquidity Pools to Wombat Exchange
        • HIP-7: Utilize the Community Fund for Additional Liquidity
        • HIP-6: Lower Target C-Ratio to 600% from 700%
        • HIP-5: List New zAssets
        • HIP-4: Use Keepers to Close Weekly Fee Periods
        • HIP-3: Suspend zTSLA ahead of Stock Split
        • HIP-2: Lower Target C-Ratio to 700%
        • HIP-1: Create incentivized zBNB/BNB pool
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HIP-23 Revenue Sharing Model: Intent-based System Phase one

This proposal outlines the revenue sharing model for the Intent-Based System during Phase One, aimed at supporting the Horizon Protocol ecosystem.

PreviousHIPsNextHIP-22: Create a zUSD - USDC pool on Pancakeswap V3

Last updated 3 months ago

Type: Horizon Improvement Proposal

Date: January 28th, 2025

Status: Draft 1

Summary This proposal outlines the revenue sharing model for the Intent-Based System during Phase One, aimed at supporting the Horizon Protocol ecosystem. The model allocates revenue towards rewarding HZN stakers, HZN buybacks and burns, and incentivizing trading activities to promote Xpanse.

Specification

  1. Intent-Based Revenue Sharing

  • 40%: Distributed to HZN stakers who meet the target C-Ratio, eligible to receive rewards in USDC or other stablecoins.

  • 40%: Allocated for HZN buybacks and burns.

  • 20%: Used to incentivize trading activities and promote Xpanse.

  1. Staker Rewards

  • Rewards distributed to HZN stakers who meet the target C-Ratio, proportionally based on their debt share.

  • The first rewards distribution is set for February 26th, 2025. Monthly distributions will shift to a weekly schedule after automation is implemented.

  • Rewards will be in USDC or other stablecoins on the MODE network.

  • Rewards are non-carryover, requiring stakers to meet the target C-Ratio during the snapshot period.

  1. HZN Buyback and Burn

  • 40% of revenue used for HZN buybacks from PancakeSwap and burned.

  • Initially conducted monthly, transitioning to weekly after the first month.

  • Allocation for buybacks will decrease, redirecting funds to staker rewards once the global active C-Ratio exceeds 350%.

  1. Incentives for Trading Activities and Xpanse Promotion

  • 20% of revenue allocated to incentivize trading activities, promote Xpanse, and attract more traders.

  1. Revenue Distribution

  • Revenue is manually distributed to a multi-sig wallet owned by Xpanse.

  • Xpanse receives 60% of total fee generation; Symmio receives the remaining 40%.

Motivation This proposal seeks to create a balanced and growth-oriented revenue-sharing model that rewards stakers, enhances HZN value through buybacks and burns, and attracts traders to Xpanse. It supports long-term sustainability and scalability for Horizon Protocol.

Considerations

  • Transitioning staker rewards distribution from monthly to weekly will depend on the implementation of automation.

  • Revenue allocation percentages will be adjusted in future phases to support the project’s growth, sustainability, and development. Further evaluation will determine the timing of these adjustments.

Feedback & Questions If you have any suggestions, concerns, or inquiries regarding this proposal, please don't hesitate to reach out. Your feedback is valuable in ensuring the success and continuous improvement of Xpasne.

Exchange performance and revenue data will be available on SYMMIO’s for transparency.

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