Proposal #651
Passed on 13 Oct 2023 with 95.3% of the votes for yes.
Yes
95.3%
99.6% without abstain
Veto
0.0%
of votes cast
Ended
13 Oct 2023
95.25%
of votes cast
4.40%
of votes cast
0.35%
of votes cast
0.00%
of votes cast
This proposal is to set the default Taker Fees at 0.1%.
Previously [Hidden link] passed a signaling proposal to set Taker fees at 0.15% but there were some concerns about the impact this could have on multihop transactions and potential impacts on volume. Since that time, Osmosis has moved to Supercharged Concentrated Liquidity Pools which reduced spread factor fees from 0.3% to 0.2% on many pools, mitigating some of the concerns.
In a [Hidden link] 43% of respondents thought fees should be set at 0.1% or higher while 39% thought the fees should be set at 0.05%.
Further governance discussion took place on the Osmosis forum with mixed opinions between 0.05% - 0.15%: [Hidden link]
It appears reasonable to take the median response in these polls and set the default Taker Fee at 0.1% at this time to get meaningful data back to determine if there should be any adjustments. Other Factors In [Hidden link], a subdao has been created to delegate the setting of NON-DEFAULT Taker Fees to a subdao. This subdao will be able to reduce Taker Fees of individual pairings and make exceptions to the rules set forth by governance. Since the passing of Prop 629 they have voted on a roadmap to make adjustments individual pairings as needed.
By passing this proposal and establishing 0.1% Default Taker Fees, this subdao will have more data to determine appropriate course of action for individual pairings. 0.1% will be at a meaningful level but also reduces the incremental jump to 0.15% if required.
Forum Thread:[Hidden link]