Author: JG#7031
Gotchi ID: Red Pill https://aavegotchi.com/gotchi/1345
Discourse Thread: https://dao.aavegotchi.com/t/signal-proposal-additional-bazaar-fees-towards-rarity-farming/1387
Background: *With the announcement of SZN1 Rewards now official, we explore how to align the community’s interests and rewards structures, as it pertains to Bazaar fees. *Currently, 2% is allocated to Pixelcraft and 1% to DAO treasury. While not exclusive of providing for RF rewards, the treasury funds are currently in no obligation to be allocated in any form of ratio towards the RF pool each season.
Proposal: *To tweak the numbers to 2% Pixelcraft, 1% DAO Treasury, and 0.5% RF rewards pool. *** 3.5% total fee from current standing 3% fee ***
Arguments: *Although nobody likes an increase in fees, the resulting increase from 3 to 3.5% would not be too disruptive on a per transaction basis, while for reference it would have increased SZN 1 rewards by a very healthy 46,000 GHST approx. (As per figures shared by Coderdan). Competitors already charge higher fees as in 5% at NBA Top-Shot and 4.25% at Axie marketplace.
Benefits: *A major benefit is expanding the value proposition of gotchies and wearables, as proxies of participation into the wefficient trading mechanism that is the Aavegotchi Bazaar on Polygon network. *A virtuous cycle of economic growth and value is fostered in the ecosystem.