Following up here. We’ve been at work behind the scenes getting all the technical requirements in order to launch this market (DPI oracle and market deploy scripts). As a follow up wanted to outline the proposed governance of the Set Market.
Voting and Control
The intention is for AAVE to always have a role in governance of the market, AAVE knows how the markets function better than anyone. To that end, and given that there is not another token to share control of the market with all governance decisions will be delegated to AAVE. If at some point in the future there is a Set token launched then perhaps the market can come under split control.
Fee Split
To start we’re proposing a 70/30 split, with AAVE receiving the majority share. Given that AAVE will have governance control and be in charge of maintaining the market from the outset we believe it’s important the community be compensated for their operational help. Set will attempt to push our partners to enable markets within the Set Market thus driving more revenue to the AAVE protocol. Additionally, it is likely Set or Set partners will build products that leverage AAVE’s lending and borrowing capabilities (i.e. leveraged or inverse Sets) to drive consistent revenue to the protocol.