Proposal #187
Passed on 05 Apr 2022 with 99.3% of the votes for yes.
Yes
99.3%
99.9% without abstain
Veto
0.0%
of votes cast
Ended
05 Apr 2022
99.32%
of votes cast
0.59%
of votes cast
0.09%
of votes cast
0.00%
of votes cast
Voting Yes for this proposal indicates that a multihop discount should be adopted when OSMO is the intermediary token
Voting No for this proposal indicates that the current swap fee structure should remain in place
This proposal is to develop and implement a multihop discount on OSMO pools to provide traders with the lowest fee possible and promote the use of OSMO pools. When a trade consists of just two OSMO pools during a single transaction, the swap fees would be automatically halved. This would result in cheaper transactions for all trades no matter the volume being traded as well as a higher proportion of the costs going to swap fees and so liquidity providers rather than being lost to slippage. OSMO pools currently used in multi-hop transactions would see lower fees generated per trade, but counter-intuitively, the total swap fees generated over time will increase due to the lower fees per transaction encouraging a much higher volume of trades due to a phenomenon known as volatility harvesting.
More information and discussion on Commonwealth: [Hidden link]