Bancor

TL;DR:

A previous proposal was 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 pair(s) on Sei v2.

This proposal is looking to expand that list with the new to be launched USDT0 and possible combinations of USDT0 with other popular stablecoins (USDC, KAVA-USDT).

Overview:

The default taker fee on Carbon DeFi Sei v2 deployment is 0.4% which means that anyone taking an order from the protocol has to pay this amount. A previous proposal:

https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades-on-sei-v2/4630

was 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.

This list currently encompasses the following trading pairs:

USDC / KAVA-USDT

This proposal is seeking to expand the custom taker fee to these other stable pairs.

USDC / USDT0

USDT0 / KAVA-USDT

What is Kava USDT?

On Sei Mainnet, a bridged form of USDT exists, which has been bridged from Kava via IBC.

What is USDT0?

USDT0 is the official standard for USDT on Sei Mainnet. It’s backed 1:1 by locked assets on Ethereum and ensures seamless interoperability across blockchain networks via the LayerZero protocol.

What are some differences?

What are the smart contract addresses for these tokens?

USDC:

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

KAVA-USDT:

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

USDT0:

https://seitrace.com/address/0x9151434b16b9763660705744891fA906F660EcC5?chain=pacific-1

FOR: Update the taker fee to .001% on the following trading pairs USDC/USDT0, USDT0/KAVA-USDT

AGAINST: Take no Action