Proposal to expand Custom Taker Fee on Stable to Stable Trades
TL;DR
A previous proposal was brought up to the Bancor DAO that set a 0.001% fee on stable to stable trades for certain trading pairs.
This proposal is looking to expand that list with other possible combinations of those five (USDC, USDT, DAI, FRAX, LUSD) tokens.
Overview:
The default taker fee on Carbon is .2% which means that anyone taking an order from the protocol has to pay this amount. A previous proposal:
https://gov.bancor.network/t/custom-taker-fee-on-stable-to-stable-trades/4370
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 more competitive with stable to stable swaps that are normally lower across all DEXs.
This list currently encompasses the following trading pairs:
- USDC/USDT
- USDC/DAI
- USDC/FRAX
- USDC/LUSD
- USDT/DAI
But left out other possible combinations between these five tokens:
- USDT/FRAX
- USDT/LUSD
- DAI/FRAX
- DAI/LUSD
- FRAX/LUSD
This proposal is seeking to expand the custom taker fee to these other stable pairs.
FOR: Update the taker fee to .001% on the following trading pairs USDT/FRAX, USDT/LUSD, DAI/FRAX, DAI/LUSD, FRAX/LUSD
AGAINST: Take no Action
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 2M | Abstain |
 0x4571...9b30bE | 318,307 | For |
 0x9268...dc3641 | 149,075 | For |
 0x6439...83d8d2 | 50,794 | For |
 0x83db...66D967 | 4,200 | Against |
VOTE POWER
Proposal Status
- Sun December 31 2023, 03:00 pmVoting Period Starts
- Wed January 03 2024, 06:00 pmEnd Voting Period
Current Results
1-Abstain
2M
2-For
518,676.901
3-Against
4,200