Bancor

TL;DR

Previous proposal have been brought up to the Bancor DAO that set a 0.001% (1/10th of a basis point) fee on stable to stable trades for certain trading pairs.

This proposal is looking to expand on these previous proposals by setting a lower fee on the USDC-USDT trading pair on the Carbon DeFi deployment on Sei v2.

Overview:

The default taker fee on Carbon DeFi for Ethereum is 0.2% and 0.4% on the Sei v2 deployment. This means that anyone taking an order from the protocol has to pay this amount. Previous proposals:

https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades/4540 https://gov.bancor.network/t/custom-taker-fee-on-stable-to-stable-trades/4370

have been brought up to the Bancor DAO to lower this fee to 0.001% on stable to stable trades for certain trading pairs in order to make Carbon DeFi more competitive with stable to stable swaps that are normally lower across all DEXs (e.g. On uniswap v3, stable to stable trading pairs are typically set to 1 basis point).

This proposal is seeking to expand the custom taker fee to the USDT-USDC trading pair on Sei v2. Specifically, these two tokens:

https://seitrace.com/token/0x3894085Ef7Ff0f0aeDf52E2A2704928d1Ec074F1?chain=pacific-1

https://seitrace.com/token/0xB75D0B03c06A926e488e2659DF1A861F860bD3d1?chain=pacific-1

Why these two tokens? This USDC is minted on noble (https://www.circle.com/en/multi-chain-usdc/noble) which is an app chain on Cosmos that is specifically built for USDC (i.e. this is the canonical USDC on Sei v2). The USDT is minted on KAVA which is a Cosmos chain that has native USDT (also the canonical USDT on Sei v2).

FOR: Update the taker fee to .001% on the USDC-USDT trading pair on Sei v2

AGAINST: Take no Action