SIP-2: Turn on pool admin fees

Authors: @zimfandel

Summary

Turn on Saddle pool admin fees to 50%.

Motivation

LPs have been receiving 100% of swap fees during initial liquidity bootstrapping. Now that SDL token is live and pools are incentivized, there’s no longer a need to give 100% of trading fees to LPs.

An admin fee would also help to build protocol treasury.

Specification

• Admin fee would go to protocol treasury

• Putting out a poll to figure out what is the appropriate fee: 50%, 33.3%, or 16.7% (vote below)

• E.g. 50% admin fee = 2 BPS (i.e. trading fees are 4 BPS; 50% = 2 BPS)

Rationale

• 50% admin fee seems fair since LPs are getting SDL or partner incentives from staking. Also fee volume on is minimal compared to reward volume based on current trading volume.