We ask for community approval of the new network payout structure of the Audius protocol, defined in Content Node & Discovery Node releases v0.7.0.
For background reading on Audius concepts of the Payment Router & Staking Bridge, please see Audius Payment Router + Staking Bridge.
Notable 0.7.0 Changes:
Update transaction indexing approval mechanism to only allow purchases containing the following payout structure to successfully unlock premium content:
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90%: End user derived SPL USDC token account
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10%: Staking bridge Solana program
stkB5DZziVJT1C1VmzvDdRtdWxfs5nwcHViiaNBDK31USDC program derived address. Code Reference
Purchases that do not comply with the above structure do not unlock content.
The staking bridge program, deployed at stkB5DZziVJT1C1VmzvDdRtdWxfs5nwcHViiaNBDK31 has been audited by Neodyme, and targets the Audius community treasury at 0x4DEcA517D6817B6510798b7328F2314d3003AbAC on main-net Ethereum. The program ownership of stkB5DZziVJT1C1VmzvDdRtdWxfs5nwcHViiaNBDK31 is to be set to the null address so that it is not modifiable prior to final approval of 0.7.0.
The 10% accrual of fee is designed to be used at the discretion of the Audius community by governance vote.
Git SHA of release: ff74bb32f170190f18d71b4c9fa1dcc998ce1dc6
Github link to release: Release protocol-v0.7.0 · AudiusProject/audius-protocol · GitHub
See audit reports: