Summary of the Proposal: This proposal aims to reduce swap and bridge fees on the BIM Finance protocol in order to attract more users and increase our market share. Following discussions with the QuickSwap Foundation, it is recommended that we reduce our swap fees from 1% to 0.25% to become the most cost-competitive platform. We also propose to reduce bridge fees to 0.25%. In addition, fees will be further reduced by 50% for users holding BIM, with a maximum reduction applicable to 500 BIM, potentially lowering fees to 0.125%.
Context: BIM Finance wants to increase its competitiveness and attract more users to its platform. After consulting with the QuickSwap Foundation, it became clear that to become the market leader in terms of fees, it would be strategic to reduce our swap and bridge fees. By lowering these fees, we could not only become the most affordable platform, but also increase our transaction volume and attract a larger user base.
Proposal Details:
Voting Options:
Voting Process: BIM token holders are invited to vote for one of three options. The vote will determine BIM Finance's development strategy.
Voting Instructions:
Voting Period: Voting will begin on [05/09/2024] and conclude on [08/09/2024]
We encourage every member of the BIM Protocol community to participate in this crucial vote. Your voice will guide the future of our platform and strengthen our position in the blockchain ecosystem.