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StaderStaderby0xcA111C5a32E365777a09ABC15F3D2674E98B6EC40xcA11…6EC4

Increase fee on staking rewards for MaticX

Voting ended over 1 year agoFailed

Summary StaderDAO is proposing a slight increase in the fee on staking rewards for Stader-MaticX from 10% to 11%.

Motivation:

This small fee increase will allow Stader to:

-Scale operations: Invest in resources and infrastructure to support future growth. -Enhance future offerings: Develop and launch new Stader products and services. -Drive greater value: Ultimately benefit the entire Stader ecosystem, including MaticX stakers.

Key Benefits:

-MaticX will still offer a best-in-class net APR among all LSTs after the fee adjustment.

-Increased fees may be strategically allocated to: -Marketing and community initiatives: Raise awareness and drive adoption of MaticX.

-Stronger DeFi partnerships: Enhance MaticX utility through integrations and liquidity incentives.

-Improved user experience: Develop educational resources, strengthen customer support, and foster a more robust governance model.

Voting Mechanisms: Yes- I support No- Don't do anything

Off-Chain Vote

Yes
284.52K SD100%
No
0 SD0%
Quorum:28%
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Discussion

StaderIncrease fee on staking rewards for MaticX

Timeline

Jun 18, 2024Proposal created
Jun 18, 2024Proposal vote started
Jun 22, 2024Proposal vote ended
Jun 22, 2024Proposal updated