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SharedStakeSharedStakeby0xa1feaF41d843d53d0F6bEd86a8cF592cE21C409esharedstake.eth

Disable admin fee refund

Voting ended almost 5 years agoSucceeded

We collect a 0.3% admin fee on deposits to fund onchain tx costs and validator infrastructure.

This is causing issues as users cannot withdraw their stake due to a underflow error as there is no remaining admin fee in the contract to withdraw from to refund users as new users have not deposited yet.

While the refund mechanism had it's benefits in allowing users to try a early project with no added costs, it currently is causing more harm than good and our 5440 ETH TVL and high APY and liquidity should provide enough incentive for users and a source of trust.

Therefore:

Should we disable this admin fee refund to allow users to withdraw their deposits, without the 0.3% admin fee? Or should we keep the refund for future users?

Off-Chain Vote

Remove refund
2.19K 98.4%
Keep refund
36.6 1.6%
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Timeline

Feb 25, 2021Proposal created
Feb 25, 2021Proposal vote started
Feb 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated