<aside> ⚠️ Take nothing as final! This economic model is an evolving work in progress.

</aside>

Systems Summary

See the full version in Whimsicle

Platform Fees System

Origin Fees

ℹ️ About: Enables platforms to configure fees when one of the Service Posts or validated Proposals that they originated leads to a successful work relationship resulting in the release of escrow.

🛠️ Technical Components:

• Platform ID: Platforms can configure metadata fields to control the rates they charge for providing liquidity to the network in the form of Service Posts and Proposals (each type getting a separate rate).
• Escrow: Upon escrow release, the payments of the configured fees are automatically routed to the marketplaces participating in the deal.
• Each fee can be configured between 0% and 100% - over time, marketplaces will see what each other are using as reasonable rates and a market equilibrium will occur. Platforms building on TL have seemed to set rates around 5-10% (which is lower than big centralized platforms like Upwork - 20%).

Service Post Fee

ℹ️ About: Enables platforms to configure fees when a user posts a service. This is paid at the time of the transaction to create the post and is automatically remitted to the marketplace configuring the fee.

Proposal Post Fee

ℹ️ About: Enables platforms to configure fees when a user posts a service. This is paid at the time of the transaction to create the post and is automatically remitted to the marketplace configuring the fee.

TalentLayer Fee Summary

Protocol Fee

ℹ️ About: When one of the Service Posts leads to a successful work relationship resulting in the release of escrow TalentLayer takes a 1% fee on this.

🛠️ Technical Components:

• Escrow: Upon escrow release, the fee payments are automatically routed to the DAO’s multi-sig (or in the short-term, the core team’s multi-sig).