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 newly launched Native USDC and possible combinations of Native USDC with other popular stablecoins (USDC.n, kavaUSDT, and USDT0).

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:

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.n / kavaUSDT

USDC.n / USDT0

USDT0 / kavaUSDT

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

Native USDC / USDC.n

Native USDC / USDT0

Native USDC / KavaUSDT

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 is Native USDC?

The official form of USDC on Sei Mainnet issued by Circle, backed 100% by highly liquid cash and cash-equivalent assets and always redeemable 1:1 for US dollars.

What is USDC.n?

In the case of Sei Mainnet, there exists a bridged form of USDC known as USDC via Noble (USDC.n), which is USDC that has been bridged from Noble.

What are the smart contract addresses for these tokens?

Native USDC:

USDC.n:

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 Native USDC / USDC.n, Native USDC / USDT0, and Native USDC / KavaUSDT

AGAINST: Take no Action