BIP#37: Zero-fee for Collateral Trading, and Down Payment on BendDAO as Support for the NFT Industry

The NFT industry is currently experiencing a bear market. During these challenging times, it is crucial that we, as a community, stick together and support each other. A suspension of all transaction fees, down payment fees, and royalties are proposed on BendDAO. This proposal is not only a gesture of goodwill but also a strategic move to stimulate activity within BendDAO and NFT communities during these times.

• Collateral Trading Fee: 0%
• Down Payment Fee: 0%
• Royalties: 0%

Background

According to the rules of community governance:

• Phase 1: Idea or Draft
  • Minimum number of supports: 10 - Pass
  • Discord Idea: https://discord.com/channels/897709643948761148/1122093679453143160
• Phase 2: BIP
  • Minimum number of voters: 10 - Pass
  • BIP#37: https://governance.benddao.xyz/t/bip-37-zero-fee-for-collateral-trading-and-down-payment-on-benddao-as-support-for-the-nft-industry/495
• Phase 3: On-chain voting
  • Voting Quorum: Approximately 98M veBEND (20% of the total supply)
  • Pass Rate: Over 80% Approve.
  • The voting will last for 7 days.