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Kwenta Kwenta by0x0c4EA5F0219fbC4Decf9536463524953Cd75F0cB0x0c4E…F0cB

KIP-108: Temporarily Eliminate Conditional Orders Fee

Voting ended over 2 years agoSucceeded

Summary

Temporarily set the conditional orders fee to 0 ETH to address an issue with 1CT accounts failing to deposit ETH into the SM account.

##Abstract We have identified an issue where 1CT accounts aren't depositing ETH into the order execution account (keeper account), which prevents the execution of limit orders due to insufficient ETH. To mitigate the impact on users, we propose to temporarily eliminate the fee for conditional orders by setting it to 0.

Motivation

The inability of 1CT accounts to deposit ETH into the SMs keeper account has a significant impact on the execution of limit orders. This issue poses a risk to our users, as they might miss crucial stop orders. By setting the order fee to zero, we aim to alleviate some of the inconveniences and risks faced by our users until a permanent solution is implemented.

Specification

For more information, visit the: Kwenta State Log

Off-Chain Vote

Pass
5 EC-NFT100%
Reject
0 EC-NFT0%
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Timeline

Nov 15, 2023Proposal created
Nov 15, 2023Proposal vote started
Nov 22, 2023Proposal vote ended
Nov 22, 2023Proposal updated