Summary
If passed, this proposal will eliminate the Protocol Fee Threshold (as defined below) such that trading fees are allocated consistently for every fee tier pool.
Description
Currently, trading fees generated from Orca liquidity pools with fee tiers at or above 0.16% (the “Protocol Fee Threshold”) are routed as follows (the “Fee Waterfall”): (i) 87% of such fees are routed to the pools’ liquidity providers; (ii) 12% of such fees are routed to the protocol fee treasury; and (iii) 1% of such fees are routed to the Orca Climate Fund. Trading fees generated from liquidity pools with fee tiers below 0.16% are routed entirely to the pools’ liquidity providers. I submit this Council proposal to eliminate the Protocol Fee Threshold, such that trading fees generated from all liquidity pools would be routed pursuant to the Fee Waterfall.
Governance Process
Forum Discussion
This proposal will be posted here for a discussion period of at least 4 days before it is formally put to a vote. This period allows community members to review the details of the proposal and share feedback.
Voting
After 4 days, a Council member may submit the proposal using their Council Token to the Signaling Governance account (6d76J…4HUf9). The account contains the following voting parameters:
Voting Period: 5 days
Council Threshold: 4 ‘yes’ votes
Veto Threshold: 1,000,000 ORCA
Cool-down Period
This account also has a 2-day cool-down period, which begins after the initial 5-day voting period.
ORCA token holders can submit veto votes at any point during the voting and cool-down periods.
Execution
If the veto threshold is not met during the cool-down period, then the proposal will pass and its contents will be implemented.