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SQUID DAOSQUID DAOby0xbd2670D4253103eFD9272eAd153b0cE82182F3e5dudeman.eth

(KGP-5) Increase Bond Fees to 25%

Voting ended about 4 years agoSucceeded

At the moment NFT sales are a big driver of treasury growth. We should increase the incentive to buy an NFT with a more lucrative proposal to potential buyers, which is increasing the bond fees from 10% to 25%. This uneven distribution in favor of the community would also relieve any concerns of the team getting a “rich” distribution of bond sales. Here’s a breakdown example:

Every 1 $SQUID would generate 0.25 $SQUID in fees.

20% of bond fees would go to team, which is still the 0.05 $SQUID.

80% would be distributed to eligible community members (NFT holders, veSQUID, etc) = 0.2 $SQUID

Off-Chain Vote

Yes - Increase Bond Fees to 25%
44 100%
No - Leave Bond Fees at 10%
0 0%
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Timeline

Dec 08, 2021Proposal created
Dec 08, 2021Proposal vote started
Dec 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated