Author Topic: [Committee] Fee schedule overhaul  (Read 5835 times)

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Offline abit

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IMHO, an important direction for the BitShares chain in year 2020 is to try to gain more income, while trying to make use of existing features and keep a reasonable size of user base.

There are two things to do in parallel.
1. the committee adjusts the fee schedule,
2. the core developer team develops tools that can be used by the committee to fine tune the fee schedule.

This thread is mainly for the committee part.

Recently a big part of volume in the DEX comes from the trading activities in the BTS/CNY market related to force settlements. Regardless of whether the activities are abnormal, IMHO the chain should earn from the activities.

There are two committee proposals currently in voting:
* 1.10.57202 - to increase the force-settlement fee from 2.4 BTS to 1000 BTS (400x)
* 1.10.57236 - to increase the force-settlement fee from 2.4 BTS to 9.6 BTS (4x), and increase the call update fee from 0.048 BTS to 0.48 BTS (10x) and adjust the collateral bid fee from 0.048 BTS to 0.48 BTS to be consistent with the call update fee.

This is the first step towards a fee schedule overhaul.

Please discuss and vote.

I'm currently voting for the second proposal since I think it's effective but not too aggressive.
BitShares committee member: abit
BitShares witness: in.abit