TLDR

• SEI V2 is expected to be released in Q2, 2024
• SEI V2 is EVM compatible
• This proposal suggest to deploy on the SEI V2 network once it is live
• As with every deployment of CarbonDefi, the Arb Fast Lane framework will be deployed as well.
• Fees will be used in the same way they are in the Ethereum deployment.

Summary

• SEI V2 is expected live shortly: https://v2.docs.sei.io/
• SEI has expressed interest in having Bancor deploy CarbonDefi.
  • SEI has offered a milestone based grant to the Bancor Foundation
  • SEI will work to ensure there is deep liquidity on CarbonDefi.
• As with every deployment of CarbonDefi, the Arb Fast Lane framework will be deployed as well.
• Fees generated by the deployment will be used exactly the same as fees generated by the Ethereum Deployment
  • Upon launch, fees will be held in the vortex until a bridging solution is decided upon in a future proposal and then can be sent to the CarbonDefi Vortex on Mainnet.
• This proposal suggests setting the taker fee at 40 basis points
  • This is a parameter that can be adjusted by the DAO.
  • There are two main reasons this proposal suggests 40BP.
    • As seen on licensed deployments, the fees can be a bit higher in a low gas environment
    • A 40 BP fee would enable licensees to also deploy on SEI without creating a race to the bottom.
• Upon deployment, this proposal does not suggest any custom fee for stable to stable trades. While the author of this proposal would like to have something similar to what was done on mainnet (link), it might make more sense to see which stables people are interested in using and then creating the special fee tier.

FOR

Deploy on SEI V2 with a taker fee of 40 BP

AGAINST

Take no action