PIP-32: Restructuring Paladin - Transitioning Veda into a Service Provider

[frieez_e]

gm,

Can you share more data from the revenues generated by Rings ? Like historical evolution, fees per USD/ETH, expected evolutions of TVL, …

@Veda.Tech.Ltd

• Service Provider Fee: Scaled by TVL managed by Trevee protocols, per the table below:

Incremental TVL	Basis Point Fee	Cumulative Fee
$0–100M	5bps	$50,000
$100–500M	4bps	$210,000
$500M+	3bps	$360,000

• Veda will invoice monthly; Trevee will remit payment within 30 days of invoice receipt.
• Overdue payments will incur 1% monthly interest.

Is is not explicitly said, but I assume the invoice will be tvl * bps fee / 12, right ?
Also when is the TVL calculated ? on the last day of each month ?

@Veda.Tech.Ltd

Trevee Token Supply: 6% of the TREVEE supply, allocated to Veda with a 2-year vesting, with 10% available at TGE.

As discussed in PGM-66 10% liquid at TGE while every other holder is locked or slashed, unfair for long term holders and is a major threat to the token price action. Can you share what you’re planning on doing with the allocated tokens ?

There also multiple mentions of bringing Rings un other chains, is there already new chains targeted ? If so which ones ?

As this is the largest grant ever asked to the DAO I want to be sure we have all the informations to take this decision and that no point is left to interpretation.