Proposal to enable a 5% protocol fee for stkBNB

The pSTAKE team proposes to enable a 5% fee for staking rewards earned on staked BNB with the pSTAKE protocol. The protocol fee for stkBNB was waived off at launch in the initial bootstrapping phase. This resulted in bringing substantial traction to the protocol.

Since the launch on 8 August 2022, stkBNB was integrated into 8 protocols in the BNB Chain Ecosystem across various DeFi verticals like DEXs, Yield Farming, Margin Trading, Borrowing/Lending, etc., and achieved a feat of over 29,000 BNB staked with pSTAKE at its peak.

The pSTAKE team believes that a 5% fee strikes the right balance between having one of the lowest fees on liquid staking BNB & the pSTAKE protocol's long-term sustainability.

Vote 'For' if you agree with enabling a 5% fee for stkBNB Vote 'Against' if you disagree with enabling a 5% fee for stkBNB Vote 'Abstain' if you would like to not participate in this proposal