To be posted to Snapshot September 28th, 2025
TL;DR
Previous proposal have been brought up to the Bancor DAO that set a 0.001% (1/10th of a basis point) fee on stable to stable trades for certain trading pairs.
This proposal is looking to expand on these previous proposals by setting a lower fee on the following:
USDT-USDC
cUSD-USDT
cUSD-USDC
USDGLO-USDT
USDGLO-USDC
USDGLO-cUSD
trading pairs on the Carbon DeFi deployment on Celo.
Overview:
The default taker fee on Carbon DeFi for CELO is 0.2%. This means that anyone taking an order from the protocol has to pay this amount. Previous proposals:
have been brought up to the Bancor DAO to lower this fee to 0.001% on stable to stable trades for certain trading pairs in order to make Carbon DeFi more competitive with stable to stable swaps that are normally lower across all DEXs (e.g. On Uniswap v3/v4, stable to stable trading pairs are typically set to 1 basis point).
This proposal is seeking to expand the custom taker fee to the following six trading pairs on CELO. Specifically, these trading pairs:
USDT-USDC
cUSD-USDT
cUSD-USDC
USDGLO-USDT
USDGLO-USDC
USDGLO-cUSD
that have the following CAs:
USDT ( Tether: Gate | Address: 0x48065fbB...887483D5e | CeloScan )
USDC ( Circle: USDC Token | Address: 0xcebA9300...A8B32118C | CeloScan )
cUSD ( Celo: cUSD Token | Address: 0x765de816...8b8b1282a | CeloScan )
USDGLO ( Address: 0x4f604735...3e0225ad3 | CeloScan )
Why these tokens?
USDT: This is the official tether USDT on CELO.
USDC: This is the official Circle USDC on CELO.
cUSD: This is Mento’s USD currency on Celo. Mento is building the largest FX infrastructure, bringing world currencies onchain through its robust multi-currency stablecoin platform.
USDGLO: This is Glo Dollar, a USDC-like stablecoin. It’s got the basics you’d expect from a stablecoin: 100% backed, always 1:1 redeemable, US regulated, monthly independent reserve attestations.
FOR: Update the taker fee to .001% on these six trading pairs on CELO
AGAINST: Take no Action