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Lattice GatewayLattice Gatewayby0xB1846732A83E872a76302A86f98086022099140BLattice Proposal Committee

[LIP #12] Lattice Pools fee distribution

Voting ended about 2 years agoSucceeded

Please carefully read the proposal thread on the governance forum before you vote: https://commonwealth.im/lattice-gateway/discussion/14540-lip-12-lattice-pools-fee-distribution

The fees for using Lattice Pools are being levied every time a user claims his Lattice pools rewards. They are obtained in the form of the respective rewards token of the Lattice Pools program, which means we are receiving multiple tokens across multiple networks.

In order to save on respective network and swap fees LIP #12 proposes to set an accumulation target for the fees. When the accumulation target of x $USD is reached, the fees will be used to buy $LTX and then distributed to all veLTX holders.

Setting a lower accumulation target will shorten the duration between distributions, but increase the overall network and swap fees. The reverse happens for a higher accumulation target - there will be a longer duration between distributions but the overall network and swap fees will be lower.

The voting will go for seven (7) days.

There will be three different choices for the accumulation target:

  1. 30,000 $USD
  2. 45,000 $USD
  3. 60,000 $USD

Off-Chain Vote

30,000 $USD
5.68M veLTX33.1%
45,000 USD
124.85K veLTX0.7%
60,000 USD
11.37M veLTX66.2%
Quorum:189%
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Discussion

Lattice Gateway[LIP #12] Lattice Pools fee distribution

Timeline

Dec 16, 2023Proposal created
Dec 19, 2023Proposal vote started
Dec 26, 2023Proposal vote ended
Mar 20, 2026Proposal updated