Proposal: Stablecoin pools fee experiment and analysis

Same as the AMP pool, we are currently subsidizing these pools with $BNT rewards and any changes in volume that could affect the fees collected should be offset by LM rewards. It is good for us to experiment with the stable pools to figure out what the optimal fee should be. Are we planning on raising them all at the same time so that all three stable pools will always be at the same fee level?

With that said, I think we should also monitor the volume on the wBTC and ETH pools as I suspect that with higher fees on stable pools that people coming in from stable coins might actually be swapped to ETH/wBTC before routing through Bancor. I am still under the impression that most of our traffic is ARB-based with some from aggregators. I expect that for either of these scenarios that we might see the volume on the other two pools go up once these stable pools hit a high fee percentage.

Will the schedule to follow for changing fees (1%, 0.5%, .2%) be on a weekly basis?

2 Likes