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FATExDAOFATExDAOby0xD8189e32771Ab8114f24eB5E3ACb5040BB8C7086fatexdao.eth

FATExFi: Updated Staked LP Withdrawal Fee (reduces them) Schedule

Voting ended almost 4 years agoSucceeded

Please approve the following fee schedule. This was approved previously in the archived Harmony ONE snapshot.

It prevents (is punitive of) short term yield farming and rewards long(er)-term membership, preserving price stability, token supply etc.

Fees, steady rewards, locking are a huge part of maintaining value - in addition to creating demand.

This reduces the fees to more reasonable levels and reduces the # of fees/durations by about 1/2 of the original schedule.

Please read more about it in the documentation (it is in final rough draft because it needs to be DAO approved, and has not had several readers - please help!) on the subject found here:

https://fatexdao.gitbook.io/fatexdao/fatexdao-dapps-and-tokens/fatexfi-faq/staked-lp-withdrawal-fees

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Off-Chain Vote

Approved
87.67M FATE100%
Not Approved
0 FATE0%
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Timeline

May 14, 2022Proposal created
May 14, 2022Proposal vote started
May 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated