Odaily Planet Daily News MakerDAO founder Rune Christensen recently released multiple MIP revision sub-proposals on the forum, suggesting that the Spark Protocol-Aave revenue sharing system be officially determined as a Maker ecosystem protocol, and try to fix its defects so that it conforms to expected behavior and expectations.
Under the proposal, Spark Protocol would have to pay 10% of the revenue it generates from operating the protocol’s lending functionality based on the Aave codebase. SparkDAO service providers must manually calculate payments at the end of each quarter and manually pay in DAI from the SparkDAO surplus buffer to smart contracts under the control of Aave governance. Payments must be made within the 2-year revenue share period, calculated from the date this amendment is approved by Maker Governance.
If at any point after the launch of the SubDAO token, the Spark Protocol generates less than 1 million DAI per annum for SparkDAO, the accrual of revenue share payments will be suspended and the countdown to the revenue share period will be suspended. When Spark Protocol’s annual revenue exceeds 1 million DAI again, the countdown to revenue share payments and remaining revenue share deadlines will resume.
Until the launch of the SubDAO token, Maker Governance is temporarily responsible for paying “virtual revenue shares” on behalf of Spark Protocol. Once the SubDAO token is launched, the virtual revenue share system will no longer be in effect and will be replaced by the standard rules of the Spark Protocol - Aave's revenue share ecosystem protocol.