FamX Fees: The Fee Amount (1 of 3)
FamX allows users to exchange Familiars for $CANDLE. One aspect of the Familiar Exchange is flexible fees. Governance can vote on changes to the existing fees.
There are 3 flexible fee parameters.
Fee: the percentage of the price that does not go to the seller -- minimum 1% // maximum 14%
Burn Amount: the percentage of the fee that is burned -- minimum 1% // maximum 50%
Staking Amount: the percentage of the fee that goes to Crystal Staking mechanisms -- minimum 1% // maximum 50%
The remainder of the fee is sent to the DAO Multisig.
This proposal pertains to the total Fee Amount.
What should the initial Fee Amount be?
Off-Chain Vote
Max: 14%
0 CULT0%
10%
1 CULT1.5%
5%
63.47 CULT94.2%
Min: 1%
2.88 CULT4.3%
Quorum:90%
Timeline
May 16, 2024Proposal created
May 16, 2024Proposal vote started
May 20, 2024Proposal vote ended
Dec 24, 2025Proposal updated