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KogeCoinKogeCoinby0x53C90e559E405a542cEaBf4E08d9dF3bF7b80bdb0x53C9…0bdb

Should we we increase our performance fee? If so how much?

Voting ended over 4 years agoSucceeded

I believe that we are grossly under charging for the service that is being provided. This was a great strategy at the beginning to get the word out about coach but now people know who we are. To keep the performance fee the low does not gain adoption as much as it hurts the project at this point. Keep in mind other providers force you to collect in their native token while we do not. That's a substantial difference and advantage.

Looking at the whole market and how little compounders there are, I think we could charge as much as a 5% performance (not deposit fee) and still maintain the current TLV as is. Keep in mind other providers charge 30%, we would still be significantly less than them raising any amount we would vote on below. Also this is a performance fee it never touches the principal amount that is being deposited for free in any vault. Any % increase (including 5%) would still be better over the course of a year than you could do manually compounding once or twice a day.

By increasing the performance fee it will help to fight the sell off price of Koge Coin. It also helps to maintain the future viability of the project, and any plans that are made. All of this while no real noticeable difference to the investor. Our current fee schedule and comparison to other projects: https://koge.gitbook.io/kogefarm/fees

Off-Chain Vote

Increase performance fee to 5%
21.5K 0.7%
Increase performance fee to 4%
7.03K 0.2%
Increase performance fee to 3%
1.23M 37.5%
Increase performance fee to 2%
14.19K 0.4%
Keep the same - at up to 1%
2M 61.2%
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Timeline

Jul 20, 2021Proposal created
Jul 20, 2021Proposal vote started
Jul 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated