Proposal: Custom Taker Fee on Stable to Stable Trades On Ethereum - USDS, USDe, PYUSD, USDG, RLUSD, GHO

TL;DR:

Previous proposals have been brought up to the Bancor DAO that set a 0.001% (1/10th of a basis point) fee on stable to stable trades for certain trading pairs.

This proposal is looking to expand on these previous proposals by setting a lower fee on the following:

USDS/USDT USDS/USDC USDS/DAI

USDe/USDT USDe/USDC USDe/USDS

PYUSD/USDT PYUSD/USDC PYUSD/USDS

USDG/USDT USDG/USDC USDG/USDS

RLUSD/USDT RLUSD/USDC RLUSD/USDS

GHO/USDT GHO/USDC GHO/USDS

trading pairs on the Carbon DeFi deployment on Ethereum.

Overview:

The default taker fee on Carbon DeFi Ethereum deployment is 0.2% which means that anyone taking an order from the protocol has to pay this amount. Previous proposals:

https://gov.bancor.network/t/custom-taker-fee-on-stable-to-stable-trades/4370

https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades/4540

have been brought up to the Bancor DAO to lower this fee to 0.001% on stable to stable trades for certain trading pairs in order to make Carbon DeFi more competitive with stable to stable swaps that are normally lower across all DEXs.

This proposal is seeking to expand the custom taker fee to these other stable pairs.

USDS/USDT USDS/USDC USDS/DAI

USDe/USDT USDe/USDC USDe/USDS

PYUSD/USDT PYUSD/USDC PYUSD/USDS

USDG/USDT USDG/USDC USDG/USDS

RLUSD/USDT RLUSD/USDC RLUSD/USDS

GHO/USDT GHO/USDC GHO/USDS

What is Sky Dollar USDS?

USDS is Sky's upgraded successor to DAI, minted 1:1 from DAI or against the same Maker vault system of RWA, USDC, and crypto collateral.

What is Ethena USDe?

USDe is a synthetic dollar that stays near $1 by hedging crypto collateral with equal short positions on derivatives exchanges; yield comes from funding rates.

What is PayPal USD?

PYUSD is PayPal's regulated dollar stablecoin issued by Paxos, redeemable 1:1 and backed by U.S. Treasury reverse repos and cash deposits.

What is Global Dollar?

USDG is Paxos's MAS-regulated Global Dollar stablecoin, redeemable 1:1 in USD through Paxos Singapore with reserves at DBS and Standard Chartered.

What is Ripple USD?

RLUSD is Ripple's NYDFS-chartered dollar stablecoin redeemable 1:1 and backed by USD deposits, cash equivalents, and short-term U.S. Treasuries.

What is GHO?

GHO is Aave's decentralized dollar stablecoin, minted by borrowing against any Aave V3 collateral, with peg defended by stablecoin-backed stability modules.

USDS: https://etherscan.io/token/0xdC035D45d973E3EC169d2276DDab16f1e407384F

USDe: https://etherscan.io/token/0x4c9edd5852cd905f086c759e8383e09bff1e68b3

PYUSD: https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8

USDG: https://etherscan.io/token/0xe343167631d89B6Ffc58B88d6b7fB0228795491D

RLUSD: https://etherscan.io/token/0x8292Bb45bf1Ee4d140127049757C2E0fF06317eD

GHO: https://etherscan.io/token/0x40D16FC0246aD3160Ccc09B8D0D3A2cD28aE6C2f

USDC: https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

USDT: https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7

FOR: Update the taker fee to .001% on the following trading pairs USDS/USDT, USDS/USDC, USDS/DAI, USDe/USDT, USDe/USDC, USDe/USDS, PYUSD/USDT, PYUSD/USDC, PYUSD/USDS, USDG/USDT, USDG/USDC, USDG/USDS, RLUSD/USDT, RLUSD/USDC, RLUSD/USDS, GHO/USDT, GHO/USDC, GHO/USDS

AGAINST: Take no Action