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DefiDollar DAODefiDollar DAOby0x08F7506E0381f387e901c9D0552cf4052A0740a40x08F7…40a4

Revise ibbtc mint/redeem fees.

Voting ended over 4 years agoSucceeded

Change ibBTC fees as follows:

  • 0.2% Mint (from 0.5%)
  • 0.1% Redeem (from 0.5%)

The current relatively higher fees were justified because ibbtc was in a guarded launch phase and most whitelisted participants enjoyed a 100%+ APY. With it being open to all and as we drive new use cases, it makes sense to revise fees that are more favourable and reflective of the underlying APY of ibbtc which hovers in a range of 2-4%.

Off-Chain Vote

Yes
1.29M 100%
No
0 0%
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Timeline

Jun 15, 2021Proposal created
Jun 15, 2021Proposal vote started
Jun 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated