Increase Spookyswap trading fee to 0.25%
Currently Spookyswap takes a 0.2% fee significantly below the market average. Spiritswap: 0.3% TraderJoe: 0.3%
Currently the 0.2% fee is split: -0.17% to Liquidity Providers -0.03% to xBOO stakers
New 0.25% fee split proposed (Open to discussion): -0.20% to Liquidity Providers -0.05% to xBOO stakers
If this proposal passed xBOO stakers would get 66.7% more revenue. In theory this should increase BOO price and therefore increase revenue even more than 0.03% for LPs.
As a daily user of Spookyswap, I don’t think a 0.05% fee increase would put me off at all. I use Spooky for the amazing user experience, the team and the unmatched liquidity.
With new Protocols like SOLID launching, we need to keep innovating, and maximising value for xBOO holders and LPs. Ask yourself this, do you think people would stop using Spookyswap due to this fee increase? IMO not at all.
Thanks for reading, Have a good day :)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1b51...AA9Fac | 513,188 | Aye |
 0x4CAe...FA3C2D | 87,911 | Aye |
 0xCFd3...e2A62E | 31,542 | Aye |
 0x0773...9404Bf | 12,431 | Aye |
 0x1EFD...6ee7c0 | 10,915 | Aye |
VOTE POWER
Proposal Status
- Sun March 06 2022, 12:09 amVoting Period Starts
- Sun March 13 2022, 12:00 pmEnd Voting Period
Current Results
1-Aye
768,727.805
2-Nay
1,231.376