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Volta Club CMPVolta Club CMPby0x778Fb8C5a38E6104565988A8Af6e1228dda2EB520x778F…EB52

[CMP #13] Reduce management fee

Voting ended over 1 year agoSucceeded

Objective:

Reduce management fee, preserve liquid backing.

Details:

Per CMP 8, the current management fee is 2% per year based on full total backing, distributed quarterly.

Since the treasury is 43% illiquid (as seen on the app dashboard), a large part of the management fee is paid for assets that are not liquid and further reduce the liquid backing of Volta.

The management fee is effectively 3.56% of liquid assets, currently.

In order to preserve liquid backing, reduce the yearly management fee to 2% of liquid backing.

Off-Chain Vote

Yes
9.19K Volta8.8%
No
95.16K Volta91.2%
Download mobile app to vote

Timeline

May 30, 2024Proposal created
May 30, 2024Proposal vote started
Jun 06, 2024Proposal vote ended
Jun 07, 2024Proposal updated