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Proposal #549

Protocol Taker Fee - Distribution of Fees paid in OSMO

PassedText Proposal

Passed on 07 Jul 2023 with 99.3% of the votes for yes.

Yes

99.3%

99.8% without abstain

Veto

0.0%

of votes cast

Ended

07 Jul 2023

The ballotvotes cast · final tally
Yes

99.26%

of votes cast

Abstain

0.54%

of votes cast

No

0.20%

of votes cast

Veto

0.00%

of votes cast

Note: This this a signaling proposal for a future dev upgrade.

Background

An Osmosis Protocol Taker Fee was introduced with the passing of Prop 530, [Hidden link] and further discussion can be seen on commonwealth ( [Hidden link])

Proposal 530 had a pending item that still needed to be resolved around distribution of assets.

Proposal 530 approved the distribution of Non-OSMO collected, which distributed 67% to stakers and 33% to the Community Pool in whitelisted assets. Proposal 530 did NOT yet approve distribution of OSMO collected which was pending future proposal.

A retro-active analysis was performed noting that in the past 12 months, 3.45m OSMO ($3.36m based on prices at time of swap) and $3.77m worth non-OSMO assets would have been collected (assuming everything else equal).

See more here: [Hidden link]

Proposal

All fees collected in OSMO are to be distributed to OSMO stakers on a pro-rata basis (subject to validator commission rewards).

NOT IN SCOPE

Not in Scope would include all items resolved within Proposal 530. Still pending would be Future Fee Reduction Mechanisms as outlined in Prop 530. Additional discussion on these mechanism's have begun to take place: [Hidden link]

See more discussion at [Hidden link]

Timeline

  1. Submitted02 Jul 2023
  2. Voting started02 Jul 2023
  3. Voting ended07 Jul 2023
  4. Deposit deadline16 Jul 2023

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.