IIP-146: Reduce $icETH Fees Pre-launch

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Status: Proposed Author: @allan.g Reviewer: @DocHabanero, @afromac Gov Review: @sixtykeys Created: 30th March 2022 Discussion to: https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/ Quorum: 165,957 INDEX (5% of Circulating Supply)

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Simple Summary

The Product Pod would like to reduce the fees outlined in the $icETH Proposal ahead of launch.

Abstract

In the original IIP for launching icETH, the following fees were proposed and confirmed via governance vote:

Streaming Fee: 0.90% or 90 bps Mint Fee: 0.15% or 15 bps Redeem Fee: 0.35% or 35 bps

After conducting additional market research and collecting feedback from core customer categories, we would like to propose that each of these fees be reduced to...

Streaming Fee: 0.75% or 75 bps Mint Fee: 0% or 0 bps Redeem Fee: 0.25% or 25 bps

Reducing these fees will lead to a higher net yield for icETH token holders via the reduced streaming fee, a lower barrier to entry for those looking to mint / issue, and a lower barrier to exit for those looking to redeem rather than sell on secondary markets.

Author Background and Commitment

The Product Pod is responsible for designing, developing, and deploying index products for the Index Coop, as well as managing and maintaining products post-launch. Core team members of the Product Pod have also been supporting, operating, and refining Set’s leverage token infrastructure for over a year.

Copyright

Copyright and related rights waived via CC0 .