Trading Fee Allocation Discussion

Live BIPs
#1

Summary

Following the successful launch of Collateral Listing and Buy with Down Payments, trading fees will be generated.

Here we would like to introduce a new proposal for growing the BendDAO treasury for long-term development.

  1. To decide the percentage of the BendDAO trading fees that will be allocated to BendDAO treasury in ETH;
  2. To use BendDAO treasury to cover the NFT oracle cost, fund individuals and teams that contribute to the BendDAO ecosystem, and improve the protocol’s market position.

BACKGROUND

BendDAO Protocol Fees

  • The default trading fee is 2% on all NFT sales that occurred in the BendDAO exchange protocol now.
  • The default trading fee is 1% on all NFT purchases that occurred in BendDAO down payment now.
  • A 30% of the total interest income is collected on NFT loans which are 100% shared by veBEND holders. (The team doesn’t have any voting power and can’t share the protocol ETH earnings since the team token contract is independent. Details: Update of the Team Token Contract — BendDAO)

SPECIFICATION

The objective of this proposal is to decide the Trading Fee allocation to ETH Treasury to cove the NFT oracle cost, grow the ecosystem and improve the protocol’s market position.

Here are the suggested percentages. The treasury allocation will eventually be determined by DAO members.

  1. 60% to DAO Treasury; 40% to veBEND holders
  2. 50% to DAO Treasury; 50% to veBEND holders
  3. 40% to DAO Treasury; 60% to veBEND holders

The allocation will be reviewed every 6 months. Further discussion can be initiated based on the actual expenditure of the DAO Treasury.

Related proposal: Growing ETH reserves in the BendDAO Treasury

  • 60% to DAO Treasury; 40% to veBEND holders
  • 50% to DAO Treasury; 50% to veBEND holders
  • 40% to DAO Treasury; 60% to veBEND holders

0 voters