Set Flashloan Aggregator Minimum Fee

Summary

This snapshot sets forth the fee minimum when utilizing Instadapp’s upcoming Flashloan Aggregator.

Description

Instadapp has built a Flashloan Aggregator which will utilize the best rates across the flashloan market, we will also introduce a flashloan pool, and we will utilize Advanced Routing to expand the potential liquidity and capacity of Flashloans. The Fee Minimum represents the minimum fee charged for utilizing flashloans. When flashloans are routed through a provider that is above the Fee Minimum, that fee is paid to that provider in full. Please read the proposal on the Governance forum for an expanded explanation of the Flashloan Aggregator.

Example of Fee Cost at 0.05% Minimum

• Flashloan provider charges 0.02% for Flashloan, user pays 0.05% in total
• Flashloan utilizes Advanced Routing the user pays 0.05% in total
• Flashloan Provider charges 0.09% which is higher than our set minimum. The user pays the 0.09% in total to that specific provider.

For more information please read the proposal here: https://gov.instadapp.io/t/flashloan-aggregator-and-instadapp-flashloan-source/496

All votes will count as a ‘for’ vote to charge a Flashloan Fee, and the Fee Minimum will be set by simple majority. This snapshot requires 1m votes to achieve quorum.