# Proposal: Set trading fees to .2% on CEL-BNT pool **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [December 21, 2021, 4:48am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261 "2021-12-21T04:48:21Z")\ **Posts on this page:** 11\ **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:** [December 21, 2021, 4:48am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/1 "2021-12-21T04:48:21Z")
### This proposal is expected to appear on Snapshot for voting on 2021-12-26T17:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision. **TLDR** - This proposal seeks to **decrease** the pool fees from **1%** to **.2%** to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive. **For** 1. A lower conversion fee will put this pool at the same levels as the Uniswap (V2 & V3) pools and bring more volume to our DEX **Against** 1. We should not lower the pool fees **Abstract** There are currently **~294K $BNT** and **~254K $CEL** tokens in the BNT-CEL [pool](https://etherscan.io/address/0x954F1943Af6f46971ee4C81E73f9103359F7D25d). This has resulted in a pool that has roughly **~2M** in liquidity. This proposal seeks to **decrease** the pool fees from **1%** to **.2%** to be at the same level as the Uniswap (V2 & V3) pools which have equal or greater liquidity and therefore make us more competitive. ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/4/43fa1cc17f1ef18fa9528bd94a501e1b77fc5599.png) **Motivation** The top pool for CEL is on Uniswap V3 and it is paired with ETH. Pool depth is roughly **6.36M** and we should try to match our fees to be competitive: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/8/8937eb776d10ecfedd0fe84b4f1b18676836c988.png) There is also a decent size pool on Uniswap V2 with 1.6M in liquidity: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/4/42473e1f0c89ffe40039c9e3d36c45130a684ee9.jpeg) Note that both of these pools have a fee of **.3%** and I am requesting that the fee be set to **.2%** for this specific reason (a double hop swap from ETH-BNT and BNT-CEL has a cost of .3%). ---
**Author:** ![twopercent](https://avatars.discourse-cdn.com/v4/letter/t/51bf81/32.png) [@twopercent](https://gov.bancor.network/u/twopercent)\ **Post date:** [December 21, 2021, 5:30pm UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/2 "2021-12-21T17:30:56Z")
I am a CEL LP and I support this proposal. I think we will see a lot more volume from aggregators with a competitive fee. Thank you for putting it together glenn. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [December 23, 2021, 8:24am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/3 "2021-12-23T08:24:23Z")
I plan to vote against this proposal: 1M is too much exposure to given Celcius’s legal trouble: [Celsius’ Chief Revenue Officer Launched a Business With a Convicted Money Launderer: Report](https://www.coindesk.com/business/2021/12/15/celsius-chief-revenue-officer-launched-a-business-with-a-convicted-money-launderer-report/) Not to mentioned the 120M they just lost: [Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack](https://www.coindesk.com/markets/2021/12/03/crypto-lender-celsius-admits-losses-in-120m-badgerdao-hack/) I’m a fan of celsius, but I don’t want that IL ---
**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:** [December 23, 2021, 8:51am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/4 "2021-12-23T08:51:35Z")
Interesting 🤔, seems like the ~$120M was the total from the Badger exploit. The wallet that was identified as belonging to celsius lost ~900 BTC or $50M > **[Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x951babdddbfbbba81bbbb7991a959d9815e80cc5d9418d10e692f41541029869)** > > Ethereum (ETH) detailed transaction info for txhash 0x951babdddbfbbba81bbbb7991a959d9815e80cc5d9418d10e692f41541029869. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. They have also recently raised ~750m dollars from a series B round: > **[Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022](https://cointelegraph.com/news/celsius-expands-funding-round-to-750m-tips-7b-to-10b-valuation-in-2022)** > > Following its entry into mining and DeFi, Celsius CEO Alex Mashinsky said that the firm will also be looking to enter the NFT sector soon. They also claim over 22B in TVL in their platform: ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/2/25f4b18ef6433549e12d1a070ffe35c78038069a.png) I guess the question is…do we think that this token is going to zero and can potentially drain our trading liquidity? ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [December 23, 2021, 9:06am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/5 "2021-12-23T09:06:06Z")
I’m not saying they are going to zero. I’m just saying that the hack, the arrest, and being sued by 3 states, might make sense for us to wait a couple months. ---
**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:** [December 23, 2021, 9:07am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/6 "2021-12-23T09:07:24Z")
Sounds reasonable, I will take off co-investment and just make this a trading fee adjustment proposal. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [December 23, 2021, 9:16am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/7 "2021-12-23T09:16:53Z")
Then I will vote in favor ---
**Author:** ![flymaster29](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/flymaster29/32/2522_2.png) [@flymaster29](https://gov.bancor.network/u/flymaster29)\ **Post date:** [December 23, 2021, 4:36pm UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/8 "2021-12-23T16:36:44Z")
I would give both options to voters in the snapshot (maybe two different proposals), thus the people who don’t pay attention to the forums also can have input. ---
**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\ **Post date:** [December 24, 2021, 2:49am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/9 "2021-12-24T02:49:31Z")
This seems sensible, split the prop in two. ---
**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:** [December 24, 2021, 2:54am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/10 "2021-12-24T02:54:24Z")
Sure, I can certainly do that. ---
**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:** [December 24, 2021, 2:57am UTC](https://gov.bancor.network/t/proposal-set-trading-fees-to-2-on-cel-bnt-pool/3261/11 "2021-12-24T02:57:57Z")
@flymaster29 @tenzent, See [Proposal: Increase trading liquidity on CEL-BNT pool to 1M BNT](https://gov.bancor.network/t/proposal-increase-trading-liquidity-on-cel-bnt-pool-to-1m-bnt/3265)