travisformayor Good article, and I think the critiques of burns have some merit. I think both of us and RogueItachi are relatively on the same page.
I like the idea of paying the devs directly with a portion of the transmuter yield in the form of DAI. The rest of the transmuter yield could be used for ALCX buy backs which would be held in the treasury and used for incentives such as bug bounties, farming rewards, etc.
I also like the idea of changing the ratio of farming rewards over time. At the start the majority could come from supply inflation and a small portion treasury ALCX. As the treasury grows over time perhaps we move those levers in the opposite direction, so that the majority or all of the rewards come from treasury ALCX that has been built up from buy backs and little or none from inflation. I would be interested in hearing opinions on whether ALCX should have a permanent inflation vs a fixed cap. If it becomes possible in the future to sustain farming rewards entirely with treasury ALCX is there a reason for inflation?
I’m also not opposed to the dividend mentioned, but I realize this probably adds a lot of complexity, and @scoopy might have a better idea on how the token should accrue value and be used. In the short term I think buy backs as they’ve been described above, without sell pressure caused by paying devs in ALCX, could be enough to offset the negative pressure of supply inflation. Even moreso if we transition to using some of that ALCX to fund farming in the future