I think the best approach would be to set the burn fee low, the mint fee high, and the burnandmint fee in the middle. Need to be careful about gathering up a bunch of users and then jacking up the fees on them. I know I would not like that. Many have proposed a “temporary” reduction in the burn fee and mint fee in conjunction with h2h release. I think this is a great idea if done in conjunction with a marketing effort. Need to have measures in place to return fees to the current/similar levels as required to reduce TVL. I would be curious to know what thoughts the team has as well. I am all for crushing the current competitor fees and I am committed to that LONG TERM for the benefit of as many people as possible across the globe.
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I agree. Cannot be free DNOs are vital long term.
January 24th, 14:00 GMT we’re going to run a community call (hosted by the community) before fee related RFCs will go to the RIP and snapshot voting stage. This will be the call agenda:
a) feasibility of different structures, pros and cons
b) voting options that should be included in the RIP (we want as few as possible, but so that they represent the whole community)
DNO volume picked up dramatically, enough to show that the fee structure already in place isn’t a factor.
Don’t really know why this needs to be re-revised again. Ren is competitive protocol already, and there’s no real reason to launch a teaser-rate fee campaign other than a few want to get free liquidity at the expense of the DNOs.
IMHO
The reasons are threefold
- To high-volume arb traders, fees matter a lot. These are the types who would drive the most revenue to DNO’s long term and if a period of free use could snag us even a few regular user whales, it’d be worth it.
- It gives us a good “hook” for marketing the launch
- In general, showing the DAO is active and making decisions like this telegraphs healthy protocol management for those who don’t know of REN and might assume it’s just another rug waiting to happen
We still keep individual mint and individual bun fees, just will take a few months longer for the H2H fees to kick up.
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Having many options is not a problem when using the ranked-choice voting mechanism as was discussed earlier in this thread. Voters can select as many options as they want by ranking them in order of preference. This means there is no danger of splitting the vote and we end up with the option that has highest consensus preference.