With the proposal coming up next week to propose Burning the OSMO part of ProtoRev
I think this debate should be a key part of it (maybe in that thread rather than this one though). By naming these funds “Protocol Revenue” the implication was that these funds go to Osmosis rather than being a rebate for high slippage. Trading rebates for slippage are something that other protocols have done and Osmosis seems to have gone down the opposite route of claiming this for ourselves.
Whether that is the right move now that Taker fees also exist as a form of revenue is something we should definitely be debating!