# Proposal: Remove Bancor 3 Fee Discount From ArbFastLane

**URL:** <https://gov.bancor.network/t/proposal-remove-bancor-3-fee-discount-from-arbfastlane/4808>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [December 18, 2024, 9:50am UTC](https://gov.bancor.network/t/proposal-remove-bancor-3-fee-discount-from-arbfastlane/4808 "2024-12-18T09:50:41Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [December 18, 2024, 9:50am UTC](https://gov.bancor.network/t/proposal-remove-bancor-3-fee-discount-from-arbfastlane/4808/1 "2024-12-18T09:50:41Z")

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To be posted to snapshot on Sunday Dec 22, 2024

# TLDR

- The Arb Fast Lane Protocol was created in early 2023 following this proposal: [https://vote.bancor.network/#/proposal/0x81a10363baa0af61879e9b67142d17a8c23157c7a2a6259e36eb72192f6ab791](https://vote.bancor.network/#/proposal/0x81a10363baa0af61879e9b67142d17a8c23157c7a2a6259e36eb72192f6ab791)
- Since then, the protocol has been a massive success: [https://dune.com/bancor/arbfastlane-ecosystem](https://dune.com/bancor/arbfastlane-ecosystem)
- The Arb Fast Lane has a few purposes
  - Help ensure Carbon DeFi’s users have their strategies filled when in the money
  - Use gains to bring pools to a state of surplus
  - It provides a large number of additional benefits to blockchains such as making markets more efficient, filling blocks, sending transactions to the wider DeFi ecosystem on that chain - but this is beyond the scope of this proposal as none of this will change.

- From the start, it was recognized that the Bancor 3 fee discount could potentially be taken advantage of, though it was uncertain whether the benefits would justify the effort required to do so.
- In recent weeks,likely due to market movements, multiple attempts, some successful, to take advantage of the discount while avoiding the protocol receiving its due portion of the arbitrage.
- Instead of engaging in a time consuming and expensive game of cat and mouse, this proposal suggests simply removing the fee discount.
- This would make the Arb Fast Lane on mainnet function exactly like it does on CELO, SEI and all other chains where it is active.

# Will the Bot Support Bancor3?

- If you want to arb vs Bancor 3 - You will need to update the bot to ensure it is no longer assuming a fee of zero on Bancor 3 pools.

# What If I Don’t Want to Arb Bancor 3?

- Update the settings to not arb this exchange

# For

Remove the Bancor 3 fee discount from the ArbFastLane

# Against

Do nothing

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**Author:** ![lesigh](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/lesigh/32/2449_2.png) [@lesigh](https://gov.bancor.network/u/lesigh)\
**Post date:** [December 18, 2024, 10:27am UTC](https://gov.bancor.network/t/proposal-remove-bancor-3-fee-discount-from-arbfastlane/4808/2 "2024-12-18T10:27:37Z")

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I support this as it will allow the focus to remain on innovation, which I believe has a much higher expected value vs focusing on defense.

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**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:** [December 19, 2024, 6:38pm UTC](https://gov.bancor.network/t/proposal-remove-bancor-3-fee-discount-from-arbfastlane/4808/3 "2024-12-19T18:38:48Z")

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Totally agree, focus is expensive and finite so lets put it to the highest use.