Just thinking about Lunie sun-setting their service and really bothered me that we don’t provide a sustainable path for wallet providers. So much was invested in Lunie and they created an amazing product with a very nice UX/UI.
Right now my thinking is that without incentives the whole space is loosing. Lots of talk about UX/UI preventing blockchain adoption but at the same time there needs to be a sustainable plan for who ever wants to tackle this problem. I also believe that might help with token appreciation which is not only a function of scarcity but amount of transactions (liquidity, etc). It has to be a win-win to everyone involved in the pipeline.
Looking at the issue about "Incentivize Wallet Providers", it seems it got closed and lost momentum because it needed to be a governance proposal ? Hard to believe that this was never made into a governance proposal. We should consider creating such a governance proposal. This is crucial for long term sustainability and avoid wallets looking for alternative sources of revenue (e.g. selling analytics data about transactions that can compromise privacy), not to mention that this would allow them to invest in better UX/UI to increase user adoption and to continue to invest/expand into other domains (e.g. mobile).
It seems to me that only validators/miners are rewarded with fees but in the traditional financial world the transaction processors (Visa/Mastercard/Paypal, etc) also benefit charging a small fee. I wouldn’t mind to pay that, like if I pay 0.005 atoms for a tx fee I’d be OK to be charged 0.006 for their good service or maybe the tx would allow the wallet to inject an address in the tx fee (the gov proposal could specify how much after community discussion).
Any feedback is appreciated.