# IIP-146: Reduce $icETH Fees Pre-launch **URL:** \ **Category:** Product\ **Created:** [30 March 2022 21:07 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084 "2022-03-30T21:07:39Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![allan.g](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/allan.g/32/3130_2.png) [@allan.g](https://gov.indexcoop.com/u/allan.g)\ **Post date:** [30 March 2022 21:07 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/1 "2022-03-30T21:07:39Z")
* * * 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](https://gov.indexcoop.com/t/iip-141-dg-launch-the-interest-compounding-eth-index-iceth/4003) ahead of launch. ## Abstract In the original IIP for launching icETH, the following fees were proposed and confirmed via [governance vote](https://snapshot.org/#/index-coop.eth/proposal/0x52ac046e87a91480aca8aec1361b3290e3c8c97ef9ec81e7c2e73fd398312533): 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](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![allan.g](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/allan.g/32/3130_2.png) [@allan.g](https://gov.indexcoop.com/u/allan.g)\ **Post date:** [30 March 2022 21:10 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/2 "2022-03-30T21:10:02Z")
@GovNest can you please review this proposal, assign an IIP number, and begin the countdown to vote? Would like to request the vote begin on Friday, April 1st. cc @mel.eth @sixtykeys ---
**Author:** ![GovNest](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/govnest/32/3129_2.png) [@GovNest](https://gov.indexcoop.com/u/GovNest)\ **Post date:** [31 March 2022 17:45 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/3 "2022-03-31T17:45:48Z")
Hey @allan.g , a GovRep has been assigned and tagged under ‘Gov Review’ at the top of this proposal. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [1 April 2022 16:21 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/4 "2022-04-01T16:21:46Z")
Hey @allan.g , an IIP number (146) has been assigned for this proposal, it will be live on snapshot as soon as the 48 hour discussion period has elapsed (today April 1st at 2130 UTC), to run for 72 hours up until Monday, 4th April 2022, 2130 UTC. Apologies for any concerns I might have caused, working as best as I can to meet your requested timeline for this vote while following the governance process the GovNest has outlined [here](https://index-coop.gitbook.io/index-coop-community-handbook/governance/index-improvement-proposals-iips). ---
**Author:** ![allan.g](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/allan.g/32/3130_2.png) [@allan.g](https://gov.indexcoop.com/u/allan.g)\ **Post date:** [1 April 2022 21:54 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/5 "2022-04-01T21:54:43Z")
Snapshot vote is officially live and can be found [here](https://snapshot.org/#/index-coop.eth/proposal/0xfa95e1c61999430a7404f44e1733069c7e1fae99c4e9b8f0e2dae8daea42b165). ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [5 April 2022 19:47 UTC](https://gov.indexcoop.com/t/iip-146-reduce-iceth-fees-pre-launch/4084/6 "2022-04-05T19:47:16Z")
Confirming that this vote has passed with 202k INDEX (100%) voting FOR. ✅ [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0xfa95e1c61999430a7404f44e1733069c7e1fae99c4e9b8f0e2dae8daea42b165)