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Proposal #164

Adjust Fee Discount Tiers Threshold And Maker Discount

PassedFee Discount Proposal

Passed on 22 Jul 2022 with 39.5% of the votes for yes.

Yes

39.5%

98.7% without abstain

Veto

0.0%

of votes cast

Ended

22 Jul 2022

The ballotvotes cast · final tally
Yes

39.50%

of votes cast

Abstain

59.98%

of votes cast

No

0.52%

of votes cast

Veto

0.00%

of votes cast

This proposal changes the maker rate discount to 0% for all tiers as all liquid markets have negative maker fees which came into effect when proposals 162 and 163 passed. Moreover, this proposal changes the threshold of each tier, namely by increasing the required volume traded in the past 28 days for each tier. Finally, this proposal also reduces the staked amount required for the tier 9. The proposed new fee discount tiers are as follow:

  • Tier 1: Staked amount = 25 INJ or above; Volume traded in the past 28 days = 100,000 USD or above; and Maker rate discount = 0%
  • Tier 2: Staked amount = 100 INJ or above; Volume traded in the past 28 days = 250,000 USD or above; and Maker rate discount = 0%
  • Tier 3: Staked amount = 250 INJ or above; Volume traded in the past 28 days = 500,000 USD or above; and Maker rate discount = 0%
  • Tier 4: Staked amount = 750 INJ or above; Volume traded in the past 28 days = 1,250,000 USD or above; and Maker rate discount = 0%
  • Tier 5: Staked amount = 2,000 INJ or above; Volume traded in the past 28 days = 2,500,000 USD or above; and Maker rate discount = 0%
  • Tier 6: Staked amount = 5,000 INJ or above; Volume traded in the past 28 days = 5,000,000 USD or above; and Maker rate discount = 0%
  • Tier 7: Staked amount = 12,500 INJ or above; Volume traded in the past 28 days = 10,000,000 USD or above; and Maker rate discount = 0%
  • Tier 8: Staked amount = 30,000 INJ or above; Volume traded in the past 28 days = 50,000,000 USD or above; and Maker rate discount = 0%
  • Tier 9: Staked amount = 75,000 INJ or above; Volume traded in the past 28 days = 100,000,000 USD or above; and Maker rate discount = 0%

Timeline

  1. Submitted18 Jul 2022
  2. Voting started18 Jul 2022
  3. Voting ended22 Jul 2022
  4. Deposit deadline20 Jul 2022

Proposer

Address
Deposit500000.00B

Rules

Not recorded for this proposal.