Protocol Fee Change for tfBILL Integration
Author: Adapt3r Digital
Specification and Requirements:
Waive the protocol fee for tfBILL for the first 90 days and reduce protocol fee to 0.20% indefinitely.
Summary:
This proposal seeks approval for a protocol fee holiday for the upcoming launch of the tfBILL product.
We believe hosting a scalable, liquid, low-risk strategy like tfBILL will benefit the liquidity and success of all current and future vaults on TrueFi, and given the magnitude of its strategic importance, we are seeking a reduction of the standard 0.50% protocol fee to 0.20% along with a 90 day fee holiday. This change will not affect existing products.
Motivation:
Adapt3r Digital, a forward-thinking asset manager, is seeking to make the tfBILL product central to the TrueFi ecosystem. In the last six months, tokenized treasury bill products have become a highly competitive space.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x96E2...de069f | 39.935M | Yes, I approve |
 0xf149...a63D4A | 31.359M | Yes, I approve |
 0x2bBd...BfB1bF | 14.565M | Yes, I approve |
 0xCAD8...f4f4D3 | 4.6M | Yes, I approve |
 0x623E...a80Fd7 | 2.23M | Yes, I approve |
VOTE POWER
Proposal Status
- Mon August 07 2023, 10:04 pmVoting Period Starts
- Tue August 15 2023, 12:00 amEnd Voting Period
Current Results
1-Yes, I approve
93.323M