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PIP-07: Remove Deposit Fees For BAYC and MAYC Vaults

Voting ended over 3 years agoSucceeded

Abstract Removing the 0.5% deposit fee for each loan generated may increase adoption to the BAYC and MAYC Vaults

Background BAYC and MAYC are eligible to draw debt (PUSd) from lending vaults on the JPEG'd protocol. Each loan drawn incurs a 0.5% deposit fee deducted from the PUSd given to each borrower. To incentivize further demand of these vaults the protocol can remove these fees.

Proposal Remove the 0.5% deposit fee for the BAYC and MAYC vaults.

Off-Chain Vote

Remove deposit fees
2.31B JPEG97.8%
Do not remove deposit fees
52.69M JPEG2.2%
Quorum:113%
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Timeline

Aug 15, 2022Proposal created
Aug 15, 2022Proposal vote started
Aug 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated