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ACryptoSACryptoSby0x73288778B2f2C0A7d1A13305916BFe24ee134cCe0x7328…4cCe

[Correction] Remove the 0.5% withdrawal fee

Voting ended almost 5 years agoSucceeded

I had a wording mistake in the prior proposal (#QmQ3q5a). I meant withdrawal fee and not harvest fee.

Many of us believe the 0.5% withdrawal fee is what is preventing AcS from increasing its TVL. ACS gains from withdrawal fees are between 20 and 30 ACS per day compared to the 500 to 3000 gained from buybacks, this number is negligible and is keeping people from using ACS. Best proof of this is Bunny who have now completely removed withdrawal fees and are doing amazingly well in regards to TVL.

The user Steve (@Zadrax on TG) has made more in depth calculations which are in the DAO TG group.

So, once again, and hoping we get heard this time around... should we remove the 0.5% withdrawal fee completely?

Off-Chain Vote

Yes, remove the 0.5% withdr. fee
15.36K 97.7%
No, keep the 0.5% withdr. fee
355.38 2.3%
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Timeline

Apr 28, 2021Proposal created
Apr 28, 2021Proposal vote started
May 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated