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BancorBancorby0xc26892F608B3E97A24149F9C273449416e222060definavigator.eth

Set trading fees to .2% on CEL-BNT pool

Voting ended about 4 years agoSucceeded

TLDR

  • This proposal seeks to decrease the pool fees from 1% to .2% to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive.

For

  1. A lower conversion fee will put this pool at the same levels as the Uniswap (V2 & V3) pools and bring more volume to our DEX

Against

  1. We should not lower the pool fees

Abstract There are currently ~294K $BNT and ~254K $CEL tokens in the BNT-CEL pool. This has resulted in a pool that has roughly ~2M in liquidity. This proposal seeks to decrease the pool fees from 1% to .2% to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive.

image|476x307

Motivation

The top pool for CEL is on Uniswap V3 and it is paired with ETH. Pool depth is roughly 6.36M and we should try to match our fees to be competitive:

image|387x500

There is also a decent size pool on Uniswap V2 with 1.6M in liquidity:

image|588x500

Note that both of these pools have a fee of .3% and I am requesting that the fee be set to .2% for this specific reason (a double hop swap from ETH-BNT and BNT-CEL has a cost of .3%).

Off-Chain Vote

For
3.91M 75.2%
Against
1.26M 24.2%
Abstain
33.47K 0.6%
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Timeline

Dec 26, 2021Proposal created
Dec 26, 2021Proposal vote started
Dec 29, 2021Proposal vote ended
Oct 26, 2023Proposal updated