THORChain and @SwapKitPowered are currently trialing a fresh revenue-sharing framework. Following the successful passage of ADR-029, this new system allows an affiliate to collect a portion of the liquidity fees generated on THORChain.
SwapKit has laid out a very specific vision for how their portion will be utilized. The goal is not to financially support the trades that SwapKit is already processing. Instead, the initiative is designed to capture the trading volume they are currently missing. By offering discounts that are substantial enough to attract users away from competing platforms, the objective is to funnel all of that new transaction flow directly into THORChain.
The model will begin with a share rate of roughly 20%, with the flexibility to be adjusted anywhere from 10 to 30. Ultimately, the true measure of success for this endeavor relies on the net fee income rather than the specific percentage rate. If handling a higher volume of trades at a reduced profit margin still leads to revenue growth for THORChain, the strategy will be considered a win.
To ensure complete transparency, the underlying accounting infrastructure is already in its final phase of testing. The setup will feature a public balance endpoint and easily shareable data, allowing anyone to fully audit the ongoing experiment. Furthermore, every single credit is precisely linked to the specific transaction that originally generated it.
SwapKit has laid out a very specific vision for how their portion will be utilized. The goal is not to financially support the trades that SwapKit is already processing. Instead, the initiative is designed to capture the trading volume they are currently missing. By offering discounts that are substantial enough to attract users away from competing platforms, the objective is to funnel all of that new transaction flow directly into THORChain.
The model will begin with a share rate of roughly 20%, with the flexibility to be adjusted anywhere from 10 to 30. Ultimately, the true measure of success for this endeavor relies on the net fee income rather than the specific percentage rate. If handling a higher volume of trades at a reduced profit margin still leads to revenue growth for THORChain, the strategy will be considered a win.
To ensure complete transparency, the underlying accounting infrastructure is already in its final phase of testing. The setup will feature a public balance endpoint and easily shareable data, allowing anyone to fully audit the ongoing experiment. Furthermore, every single credit is precisely linked to the specific transaction that originally generated it.
