YIP-16: Increase Performance Fee

Summary

• yAxis performance fee is currently 10%.
• DAO to consider increasing this fee to 15%.
• Additional revenue to be distributed to veYAXIS holders or redirected based on DAO discussion.

Following community discussion around yAxis performance fees, it's now time for the yAxis DAO to consider YIP-16 to increase our performance fee.

The existing performance fee is taken from every harvest, and is currently set at 10%. As industry best-practice on fees trends higher, YIP-16 proposes to bump this up to 15%.

This fee would generate more revenue for yAxis and would be accrued in the treasury for eventual distribution to veYAXIS holders. The additional revenue can also be considered for other uses, which can be further discussed within the DAO.

If approved, YIP-16 proposal would:

• Increase performance fee to 15%