closedEnded 4 years ago · Snapshot (Offchain)
SIP-2: Turn on pool admin fees
By 0x48f2...d5f3a3Continue Reading
Authors: @zimfandel
Summary
Turn on Saddle pool admin fees to 50%.
Motivation
LPs have been receiving 100% of swap fees during initial liquidity bootstrapping. Now that SDL token is live and pools are incentivized, there’s no longer a need to give 100% of trading fees to LPs.
An admin fee would also help to build protocol treasury.
Specification
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Admin fee would go to protocol treasury
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Putting out a poll to figure out what is the appropriate fee: 50%, 33.3%, or 16.7% (vote below)
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E.g. 50% admin fee = 2 BPS (i.e. trading fees are 4 BPS; 50% = 2 BPS)
Rationale
- 50% admin fee seems fair since LPs are getting SDL or partner incentives from staking. Also fee volume on is minimal compared to reward volume based on current trading volume.
Connect Wallet to Add Note
0Votes 36
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x6265...0EbA17 | 2M | For |
 0x7fCA...7a80db | 833,333 | For |
 0x7fF5...Ee01A1 | 443,075 | For |
 0x7026...07ADcE | 226,604 | For |
 0x8c80...ef588e | 186,072 | For |
VOTE POWER
0
Connect Wallet
Proposal Status
- Tue January 04 2022, 07:30 pmVoting Period Starts
- Fri January 07 2022, 07:30 pmEnd Voting Period
Current Results
1-For
4.438M
2-Against
278,405.363