storyprotocol / protocol-core-v1

core protocol repo for mainnet launch
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Simplify LAP royalty policy - unify royalty revenue receiver to being only the vault #216

Open Spablob opened 3 months ago

Spablob commented 3 months ago

Description and context

Revenue inflows are currently being split to different receivers depending on revenue category in the LAP royalty policy:

The simplification is meant to send both revenue categories to the same entity - the royalty token holders. It is simpler, more intuitive and concentrates value on the ERC20 tokens that are more composable in defi.

Suggested solution

To achieve this, LAP IP royalty vault will be adjusted to ensure that both revenue categories will be sent to the same entity while ensuring the basic principle of the LAP policy which is that ancestors receive a fixed % of final sales of any derivative and no more.

This means that:

kingster-will commented 3 months ago

Comment from Leo: Suggest to use a new policy to support this feature.