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BeetsBeetsby0x54112621902E4c667DaB80cE5105a72b448dE8e40x5411…E8e4

Increase protocol fee percentage (fantom)

Voting ended almost 4 years agoSucceeded

We propose to increase the protocol fee percentage of Beethoven X on Fantom. Currently, the protocol fee is set at 15% (which means 85% of the trading fee goes to the liquidity providers and 15% is collected as protocol fee).

Pros:

  1. This would lead to more assets accumulation to treasury;
  2. This would benefit fBEETS holders in terms of more buy-back and distributions;
  3. It would also increase the funds available for team salary, and the Beethoven X-fund.

Cons: This might make the platform appear less attractive to liquidity providers. It is important to keep in mind that this is a decrease in swap fees portion of the APR alone - farming rewards and BEETS distribution, which make up the majority of rewards in most pools on Beethoven X, would be unaffected.

Off-Chain Vote

increase to 25%
7.81M BEETS-LP53.9%
increase to 30%
0 BEETS-LP0%
increase to 35%
6.68M BEETS-LP46.1%
do not increase (remain at 15%)
0 BEETS-LP0%
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Discussion

BeetsIncrease protocol fee percentage (fantom)

Timeline

Jun 14, 2022Proposal created
Jun 14, 2022Proposal vote started
Jun 17, 2022Proposal vote ended
Oct 26, 2023Proposal updated