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Lattice GatewayLattice Gatewayby0xB1846732A83E872a76302A86f98086022099140BLattice Proposal Committee

[LIP #13] LiFi 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/14541-lip-13-lifi-fee-distribution

The fees of the LiFi swap integration are being received in the form of the respective token being swapped: this means we are receiving different kinds of EVM tokens on different kinds of EVM networks.

In order to save on respective network and swap fees LIP #13 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
330.77K veLTX2.4%
45,000 $USD
403.45K veLTX3%
60,000 $USD
12.89M veLTX94.6%
Quorum:150%
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Discussion

Lattice Gateway[LIP #13] LiFi fee distribution

Timeline

Dec 26, 2023Proposal created
Dec 26, 2023Proposal vote started
Jan 02, 2024Proposal vote ended
Mar 20, 2026Proposal updated