[TIP 2] Changing Loan the Origination Fee

Original Author(s) Subhajit Ray Forum proposal - https://forum.truefi.io/t/changes-to-the-current-origination-fee-structure/132

Summary: The idea is to make the origination fees a function of term which removes the disincentive against shorter term loans.

Based on the initial polling done on the forums, TRU holders are open to adding a fixed fee which is irrespective of term along with a variable rate which does depend on the term of the loan.

Background: Currently the TrueFi protocol charges a flat fee of 0.25% as loan origination fees. It does not take into account the term period of the loan. Borrowers are paying the same fees irrespective of term of the loan.

Motivation: The current fee structure is disincentivizing short term loans and is not very nuanced.

Specification: This proposal (if passed) will add a flat fee of $500 and a variable component to the loan origination fee.

Voting Options: Yes, and set variable rate to 0.125% for 30 days (1.5% annualised) Yes, and set variable rate to 0.01% for 30 days (1.2% annualised) Yes, and set variable rate to 0.25% for 30 days (3% annualised)