AirSwap routes protocol fees transparently using Splits
AirSwap is an open developer community focused on decentralized trading systems. They adopted Splits as a way to route protocol fees between protocol contributors and voter rewards. Entirely onchain with no middlemen!
2/ On each swap, protocol fees are transferred to a smart contract that splits its balances by percentage and distributes to multiple destinations. This is enabled by @0xSplits 🙌
— AirSwap (@airswap) February 1, 2023
AirSwap uses the distribution incentive to encourage community participation, so that anyone who distributes a balance earns 1% of the balance. This is a great way for a onchain organization like AirSwap to fully automate the value flow.
3/ Community members (like you!) trigger distributions from the split contract and earn a 1% reward for doing so. ⚡️ Anyone can trigger these at any time by clicking “Distribute & withdraw for all” at the following link. https://t.co/XIT3b6XLQr pic.twitter.com/xPQSQVpDKV
— AirSwap (@airswap) February 1, 2023
And since AirSwap has a governance token with active voting members, they configured the Split to be mutable, so that it can be changed over time as the community evolves.
6/ Trustless fee routing like @0xSplits is the future of digital organizations. By participating in this process, you’re helping refine the shape and impact the future of decentralized technologies as a whole.
— AirSwap (@airswap) February 1, 2023
Join our #DAO and #buidl with us today 🔷https://t.co/d7Knn37PGn
AirSwap gets it™ and is clearly building for the longterm. Check them out at airswap.io.