Key words: Protocol fees, DAO earnings, Grow the treasury.
Summary: Enable a 0.05% swap fee collected by the DAO on APWine AMM.
Context: APWine V1 was launched less than a month ago,with boosted rewards to bootstrap the protocol, and the swap fee is set to 0.25% of each swap collected by the liquidity providers.
The APWine treasury is currently composed of 44M$ worth of $APW, and 2.45M$ worth of $TOKE. The goal of this proposal is to increase the fee to 0.3% on APwine AMM, allowing the DAO to collect 0.05% of each trade on the AMM router.
Rationale: APwine DAO doesn’t currently earn any revenues from the protocole, but we could consider the Sushiswap model to implement a 0.05% swap fee collected by the DAO. Since it would be taken on each trade, Apwine treasury would accrue a yield paid in the various assets listed on the platform.
I propose to increase the swap fee to 0.3% on each trade: split as follow:
0.25% for liquidity providers 0.05% for the DAO All or part of this 0.05% fee could be used to grow and diversify the treasury, reward $veAPW holders, pay for DAO expenses (maybe several or all of the possibilities). We’ll need to decide how to use this fee on another proposal, if this one is voted on.
Means: No budget required for this proposal.
Technical implementation: Upgrade the AMM in order to restrict swaps to the router only.
This proposal is posted a second time because we didn't reached the quorum on the first one, but there was still some interest from the community with 99.88% for.