KIP-106: Raise Conditional Orders Fee

Summary

Raise the conditional orders fee to .002 ETH.

Abstract

The current gas fee for conditional orders is fixed at .001 ETH, however, the cost of executing an order is closer to .003 ETH on average. We propose to raise the fixed fee to .002 ETH.

Motivation

The Kwenta adminDAO is currently subsidizing the cost of conditional orders to incentivize the usage of conditional orders. With gas costs rising on Optimism the DAO is burning through substantial (1-2) ETH per week in subsidies, and potentially more during high volume weeks.

To ensure the sustainability of this program until the launch of Perps V3 (more gas efficient conditional orders in the works) it's imperative to raise the fee and lower the subsidy.

Specification

For more information, visit the: Kwenta State Log