Ok, so the only utility of the token is currently governance?
To grow, Sturdy needs its token to be valuable. Given that Sturdy raised money from investors, and that the team/company gets also a fair share of tokens, do we need to redirect those funds to the company? Almost half of the supply goes to insiders already.
Accruing value at the protocol level would help support the price and speculative outcomes of the token, which will in turn bring more liquidity in, starting a positive reinforcement loop. Currently, the protocol doesn’t accumulate value, fees act as a leak through the treasury.
As such, I propose the following:
Create a council of community members to act as treasury guardians.
Switch the treasury wallet to a gnosis safe multisig. If this address needs to do regular updates, we can use an hybrid safe like this one: GitHub - dialecticch/medici-go-demo
List the fees for each collateral type currently used.