Proposal: Custom Taker Fee on Stable to Stable Trades On TAC - USDT, USN, sUSN

Voting ended about 1 month agoFailed

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:

USDT/USN

USDT/sUSN

USN/sUSN

trading pairs on the Carbon DeFi deployment on TAC.

Overview:

The default taker fee on Carbon DeFi TAC 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.

USDT/USN

USDT/sUSN

USN/sUSN

What is USDT?

On TAC, a bridged form of USDT exists. This is considered the canonical form of USDT.

What is USN?

US Noon, or USN, is Noon's stablecoin. It maintains a 1:1 peg to the US Dollar. USN is deployed on Ethereum, ZKSync, Sophon, TAC & Starknet.

What is sUSN?

USN can be staked via the Noon dApp. Staking USN gives users access to a staking token, sUSN.

More Details: https://docs.noon.capital/built-for-high-yields/our-stablecoin-usn-and-susn

USDT: