I like the proposal. I am copying below a comment I made in Telegram explaining the rationale behind the suggested changes:
"Basically it will reduce the sell pressure on the token - a lot of people currently dump BGOV as soon as they get it as rewards, instead of compounding it back into the BGOV vault. On the other hand, we will also lose the buy pressure generated by using the fees to market buy BGOV, but the hope is that the drop in sell pressure is more than the drop in buy pressure and overall the price goes up. If you remember what happened after the burn a couple of weeks ago, there was a very small price boost and then the price kept declining after that, even though a large amount of BGOV was bought with fees and burnt. This was because there was a one-time big buy, but the sell pressure was constant (and remains constant). So hopefully this reform will fix it.
This is an experiment - we’ll have to see if it works"
On a separate note: I want to clarify what the proposal means by “fee share to BZRX holders” - it is not easy or practical to find a way to get funds back from BSC to Ethereum to pay BZRX holders on Ethereum - I think the best way of doing it is simply to give fee share rewards to BZRX holders who are staking on BSC with iBZRX - basically the same people who are farming BGOV on BSC right now.
Similarly, the fee share to BGOV holders will go only to BGOV holders currently staking in the BGOV pool and earning BGOV rewards.
On another note, it is important that the the burn and the fee share both happen at regular, scheduled intervals, because it gives ongoing continued reasons to hold BGOV, instead of holding it in the hope that there will at some future (unspecified) time, be burns or fee distributions…so that’s another good thing about this proposal.