Nobody cares about Fees ATM, Increase Vortex Burn to 100%

[glenn]

Superseded by:

Proposal: Increase Vortex Burn to 100% for V2.1 & 30% for V3

This proposal is expected to appear on Snapshot for voting on June 26, 2022 (Lisbon). This proposal is to increase the vortex burn to 100% on version 2.1  This should be ramped up from the current 15% to 100% over 2 weeks. The schedule will be 40% burn rate immediately, 70% after 1 week, and move to 100% after 2 weeks. Next, increase the vortex burn to 30% on version 3. This should be done immediately.  Reasoning: LPs earning fees is of lower importance right now, but volatility is high and thi…

I am closing this thread.