IIP: 146
Title: Reduce $icETH Fees Pre-launch
Status: Proposed
Author: @allan.g
Reviewer: @DocHabanero, @afromac
Gov Review: @sixtykeys
Created: 30th March 2022
Simple Summary
The Product Pod would like to reduce the fees outlined in the $icETH Proposal ahead of launch.
Abstract
In the original IIP for launching icETH, the following fees were proposed and confirmed via governance vote:
Streaming Fee: 0.90% or 90 bps
Mint Fee: 0.15% or 15 bps
Redeem Fee: 0.35% or 35 bps
After conducting additional market research and collecting feedback from core customer categories, we would like to propose that each of these fees be reduced to…
Streaming Fee: 0.75% or 75 bps
Mint Fee: 0% or 0 bps
Redeem Fee: 0.25% or 25 bps
Reducing these fees will lead to a higher net yield for icETH token holders via the reduced streaming fee, a lower barrier to entry for those looking to mint / issue, and a lower barrier to exit for those looking to redeem rather than sell on secondary markets.
Author Background and Commitment
The Product Pod is responsible for designing, developing, and deploying index products for the Index Coop, as well as managing and maintaining products post-launch. Core team members of the Product Pod have also been supporting, operating, and refining Set’s leverage token infrastructure for over a year.
Copyright
Copyright and related rights waived via CC0 .
