CoW DAO releases CIP-34 proposal to test new fee model
CoW DAO has released the CIP-34 proposal on Snapshot, aiming to determine whether CoW DAO should test a new fee model within the next six months. Currently, the proposal has a support rate of 99.99%. The proposal states that the CoW protocol fees can only cover gas costs, and income mainly comes from surplus gas fees. In order to avoid relying on unintentional and unpredictable income, the CoW protocol plans to develop reliable and sustainable revenue streams.
The proposal specifies several fee models that may be implemented during the testing period, including quote improvement fees, transaction surplus fees, volume-based fees, fixed fees, etc. The core team plans to test different fee percentages, upper limits, and transaction-based tiers during the testing period while closely monitoring user metrics such as market share and retention rate. All charges will accumulate in CoW DAO and bring benefits to DAO through future CIPs in the ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Matrixport: Bitcoin faces cautious market sentiment and uncertainty from the Federal Reserve
The Aave DAO proposal to integrate Pendle PT tokens into AaveV3 has begun voting
Berachain releases governance update, introduces reward treasury
Trending news
MoreCrypto prices
More








