Proposing Carbon - DRAFT (DEPRECATED)

Deprecated Proposals (NOT SUBMITTED)
14

Fees, Initial Settings and Management Responsibilities:

Taker Fees:

  • Proposed to begin at 0.20% (20 bps), and taken variably from either the QUOTE or BASE token, dependent on the specific function call as outlined above.

  • Applied protocol-wide, without bias for certain tokens or token pairs.

  • Accumulate to the protocol itself, and not its users.

  • Taker fees are a global setting, which the BancorDAO may change via the governance process.

Maker Fees:

  • Suggested target a fixed value, paid in the native gas token of the blockchain (or acyclic graph) on which the contract interaction occurs.

  • Categorized into 5 discrete types:

    • Strategy/Order Creation,
    • Increase Strategy/Order Funding,
    • Decrease Strategy/Order Funding,
    • Edit Strategy/Order Settings,
    • Pause Trading.

  • Each of the initial maker fee quantities on Ethereum is proposed to be 0.0005 ETH (approximately $1).

  • Applied protocol-wide, without bias for certain tokens or token pairs.

  • Accumulate to the protocol itself, and not its users.

  • Each maker fee category is a discrete value which the BancorDAO may change via the governance process.

Ongoing Management:

  • No more than 180 days should pass between a formal DAO review process of Carbon’s fee settings, across all its deployments.

  • If no changes to the fee settings are warranted, proposals should be submitted for a DAO decision within the 180 window all the same.

  • There are no categorical consequences, or recourse actions proposed if more than 180 days should pass between fee adjustments and review; the purpose of this section is for the DAO to signal its acknowledgement and understanding of its responsibilities, and establish a process to assist self-organization.

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