Proposal #549

Protocol Taker Fee - Distribution of Fees paid in OSMO

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
69.39% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.07.02 at 05:48:13
Voting end 2023.07.07 at 05:48:13

Vote distribution

99.26%
142 781 424 osmo
Yes
0.20%
283 631 osmo
No
0%
0 osmo
Veto
0.54%
783 821 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.07.02 at 05:48:13
Deposit end time
2023.07.16 at 05:48:13

Description

Note: This this a signaling proposal for a future dev upgrade.

Background

An Osmosis Protocol Taker Fee was introduced with the passing of Prop 530, https://www.mintscan.io/osmosis/proposals/530 and further discussion can be seen on commonwealth ( https://gov.osmosis.zone/discussion/11577-introduce-a-protocol-taker-fee-for-osmosis-swaps)

Proposal 530 had a pending item that still needed to be resolved around distribution of assets.

Proposal 530 approved the distribution of Non-OSMO collected, which distributed 67% to stakers and 33% to the Community Pool in whitelisted assets. Proposal 530 did NOT yet approve distribution of OSMO collected which was pending future proposal.

A retro-active analysis was performed noting that in the past 12 months, 3.45m OSMO ($3.36m based on prices at time of swap) and $3.77m worth non-OSMO assets would have been collected (assuming everything else equal).

See more here: https://twitter.com/NumiaData/status/1665322914005098496?s=20

Proposal

All fees collected in OSMO are to be distributed to OSMO stakers on a pro-rata basis (subject to validator commission rewards).

NOT IN SCOPE

Not in Scope would include all items resolved within Proposal 530. Still pending would be Future Fee Reduction Mechanisms as outlined in Prop 530. Additional discussion on these mechanism's have begun to take place: https://commonwealth.im/osmosis/discussion/11694-taker-fee-implementation

See more discussion at https://gov.osmosis.zone/discussion/11855-protocol-taker-fee-distribution-of-fees-paid-in-osmo

Votes

Voter
Answer















Proposal #549: Protocol Taker Fee - Distribution of Fees paid in OSMO - Osmosis (OSMO) Mainnet Explorer