Proposal: Increase RLC-BNT Fees to 0.2%
This proposal is expected to appear on Snapshot for voting on [date=2021-09-12 time=12:00:00 timezone=“UTC”]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
I am looking to make the fees inline with other DEXes for the RLC-BNT pool which is currently set to .1%. Other decentralized exchanges (Uniswap/Balancer/Sushiswap) have the fees set for .3% for the RLC-ETH pair. Even if we were to raise our fees, we would still be cheaper due to the ETH-BNT pair being at .05% at the moment since most swaps will happen via the ETH path ( ETH–>BNT–>RLC) for a total of .25% overall TX fees.
Currently, the RLC-ETH pair has good liquidity on some competing DEXes:
but we are the deepest as of ~2 days ago:
We can’t really go much higher in terms of fees since we are going to be pricing ourselves out as compared to the competition.
Note that most trades at the moment of small amounts (less than 3 ETH, $9500) end up being routed via uniswap/sushiswap. We tend to capture larger trades due to gas cost in the two hop scenario making it cost prohibitive for smaller swaps (current NFT minting and opensea don’t help either).
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xc32E...35cC22 | 4M | FOR |
 0x9326...aC7Ed9 | 531,159 | FOR |
 0xDf12...FD74a9 | 280,000 | AGAINST |
 0x268C...A3aa14 | 178,730 | FOR |
 0x21dB...18AF45 | 169,307 | FOR |
VOTE POWER
Proposal Status
- Sun September 12 2021, 01:00 pmVoting Period Starts
- Wed September 15 2021, 01:00 pmEnd Voting Period
Current Results
1-FOR
6.113M
2-AGAINST
280,000