Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
72 lines
3 KiB
Markdown
72 lines
3 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Dean's List: Update Liquidity Fee Structure"
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domain: internet-finance
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status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "Dean's List team"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP"
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proposal_date: 2025-01-14
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resolution_date: 2025-01-17
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category: "mechanism"
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summary: "Increase swap liquidity fee from 0.25% to 5% DLMM base fee, switch quote token from mSOL to SOL, creating tiered market structure"
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tracked_by: rio
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created: 2026-03-24
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---
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# Dean's List: Update Liquidity Fee Structure
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## Summary
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Dean's List DAO approved increasing their swap liquidity fee from 0.25% dynamic pool to 5% DLMM base fee (up to 10%), switching quote token from mSOL to SOL, and establishing a tiered market structure where the DAO pool captures revenue from large trades needing deep liquidity while individual LPs serve smaller trades at lower fees.
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## Market Data
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- **Outcome:** Passed
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- **Proposal Account:** B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP
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- **Duration:** 2025-01-14 to ~2025-01-17
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- **Current Monthly Volume:** 46,228 USDC (06 Dec - 06 Jan)
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## Revenue Impact
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- Current daily fee revenue (0.25%): ~3.85 USDC
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- Projected daily fee revenue (5%): ~77 USDC (20x increase)
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- Conservative annual treasury growth: ~19,416 USDC
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- Optimistic annual treasury growth: ~24,960 USDC
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## Significance
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Demonstrates futarchy-governed fee optimization for a small DAO token. The proposal creates a novel tiered market structure where the DAO captures revenue from large trades needing liquidity depth while smaller trades flow to individual LP pools at lower fees, effectively incentivizing broader market-making participation.
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## Relationship to KB
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- [[deans-list]] — parent entity, fee structure governance
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- [[futardio]] — governance platform
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## Full Proposal Text
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*Source: futard.io, tabled 2025-01-14*
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### Summary
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Increase DAO swap liquidity fee from 0.25% dynamic pool to 5% DLMM base fee (up to 10%) to generate sustainable treasury revenue.
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### Rationale
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Current 0.25% fee insufficient to generate meaningful treasury revenue, support operational costs, or build reserves. Average daily volume ~1,541 USDC generates minimal inflow.
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### Implementation
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- Create DLMM pool with 5% base fee, bin step of 80
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- Change quote token from mSOL to SOL
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- Fee reclaiming done monthly by DAO treasurer (@1xraccoon)
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### Tiered Market Structure
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- Large trades: prefer DAO pool (high liquidity, 5% fee, less slippage)
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- Small trades: individual LP pools (lower fees ~0.25%)
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- DAO captures revenue from large trades; contributors incentivized to provide smaller pools
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### Growth Scenarios (with fee increase)
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| Scenario | Volume Change | Monthly Fee Revenue | Annual Growth |
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|----------|--------------|-------------------|---------------|
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| Conservative | -30% | 1,618 USDC | 19,416 USDC |
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| Moderate | -20% | 1,849 USDC | 22,188 USDC |
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| Optimistic | -10% | 2,080 USDC | 24,960 USDC |
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### TWAP Calculation
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Current MCAP (-5% adjustment): $298,889
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Pass threshold: $307,855 (MCAP + 3%)
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