# Proposal: Expand Custom Taker Fee on Stable to Stable Trades on Sei v2 **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [June 5, 2024, 1:10pm UTC](https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades-on-sei-v2/4630 "2024-06-05T13:10:51Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [June 5, 2024, 1:10pm UTC](https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades-on-sei-v2/4630/1 "2024-06-05T13:10:51Z")
To be posted to Snapshot June 9th, 2024 ## 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 USDC-USDT trading pair on the Carbon DeFi deployment on Sei v2. ## Overview: The default taker fee on Carbon DeFi for Ethereum is 0.2% and 0.4% on the Sei v2 deployment. This means that anyone taking an order from the protocol has to pay this amount. Previous proposals: > [@Proposal: Expand Custom Taker Fee on Stable to Stable Trades](https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades/4540): > > To be posted to Snapshot December 31st, 2023 TL;DR A previous proposal was brought up to the Bancor DAO that set a 0.001% fee on stable to stable trades for certain trading pairs. This proposal is looking to expand that list with other possible combinations of those five (USDC, USDT, DAI, FRAX, LUSD) tokens. Overview: The default taker fee on Carbon is .2% which means that anyone taking an order from the protocol has to pay this amount. A previous proposal: was brought up to the Bancor DAO… > [@Custom Taker Fee on Stable to Stable Trades](https://gov.bancor.network/t/custom-taker-fee-on-stable-to-stable-trades/4370): > > To be posted to Snapshot July 16th, 2023 TL;DR Carbon has a protocol wide fee of 20 BP (basis points). This fee, while appropriate for volatile pairs - is not in line with the market when it comes to stable to stable trades. For reference, Uniswap added a 1 BP fee option (0.01%) - in November 2021 ([link](https://docs.uniswap.org/concepts/protocol/fees)) This proposal seeks to take this one step further and introduce a fee of 0.001% on stable to stable trades. This is 1/10th of a single basis point. Summary A new function in the contracts wi… 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, stable to stable trading pairs are typically set to 1 basis point). This proposal is seeking to expand the custom taker fee to the USDT-USDC trading pair on Sei v2. Specifically, these two tokens: > **[Token USDC via Noble (USDC.n) Tracker | Seitrace](https://seitrace.com/token/0x3894085Ef7Ff0f0aeDf52E2A2704928d1Ec074F1?chain=pacific-1)** > > Track USDC via Noble (USDC.n) on Sei Network with Seitrace. View real-time token analytics including total supply, holder count, price history, and market data > **[Token IBC Bridged USDT (kavaUSDT) Tracker | Seitrace](https://seitrace.com/token/0xB75D0B03c06A926e488e2659DF1A861F860bD3d1?chain=pacific-1)** > > Track IBC Bridged USDT (kavaUSDT) on Sei Network with Seitrace. View real-time token analytics including total supply, holder count, price history, and market data Why these two tokens? This USDC is minted on noble ([USDC on Noble | Use USDC for Cosmos via Noble](https://www.circle.com/en/multi-chain-usdc/noble)) which is an app chain on Cosmos that is specifically built for USDC (i.e. this is the canonical USDC on Sei v2). The USDT is minted on KAVA which is a Cosmos chain that has native USDT (also the canonical USDT on Sei v2). **FOR** : Update the taker fee to .001% on the USDC-USDT trading pair on Sei v2 **AGAINST** : Take no Action ---
**Author:** ![PaperStreetCapital](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/paperstreetcapital/32/2551_2.png) [@PaperStreetCapital](https://gov.bancor.network/u/PaperStreetCapital)\ **Post date:** [June 5, 2024, 3:08pm UTC](https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades-on-sei-v2/4630/2 "2024-06-05T15:08:38Z")
I’m all for this proposal ---
**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\ **Post date:** [June 13, 2024, 10:13am UTC](https://gov.bancor.network/t/proposal-expand-custom-taker-fee-on-stable-to-stable-trades-on-sei-v2/4630/3 "2024-06-13T10:13:54Z")
This proposal has passed and the change has been implemented.