The TrueFi lending pool currently holds 143,750 TUSD in claimable fees earned by the protocol. These fees come from the 0.25% origination fee collected on each of the loans issued through v1 of the protocol (57.5mm TUSD x 0.25% = 143,750 TUSD).
In v2 of the protocol, these fees go to TRU stakers as described here. For these fees earned in v1, it’s up to governance to decide what to do with the fees.
The lending pool could deposit 143,750 TUSD in claimable fees into a wallet designated as the TrueFi community treasury fund. This deposit would create the community treasury, in which TrustToken has announced it will contribute 10% of company tokens from Unlock #1.
Governance could then choose how to deploy these funds. Community discussions have proposed putting these funds into the TrueFi lending pool to earn interest and/or to move these funds into the SAFU at a later date after the SAFU has been established.
Please give your feedback by voting and commenting below.
- Yes, start the community treasury fund with these fees
- No, do something else with the fees (leave a comment below)