Background: With the announcement of SZN1 Rewards now official, we explore how to align the community’s interests and rewards structures, as it pertains to Bazaar fees.
Currently, 2% is allocated to Pixelcraft and 1% to DAO treasury. While not exclusive of providing for RF rewards, the treasury funds are currently in no obligation to be allocated in any form of ratio towards the RF pool each season.
To tweak the numbers to 2% Pixelcraft, 0.8% DAO Treasury, and 0.4% RF rewards pool. 3.2% total fee from current standing 3% fee
Although nobody likes an increase in fees, the resulting increase from 3 to 3.2% would not be too disruptive on a per transaction basis, while for reference it would have increased SZN 1 rewards by a very healthy 36,800 GHST (As per figures shared by Coderdan). Competitors already charge higher fees as in 5% at NBA Top-Shot and 4.25% at Axie marketplace.
A major benefit is expanding the value proposition of gotchis and wearables, as proxies of participation into the wonderful and efficient trading mechanism that is the Aavegotchi bazaar on Polygon network.
As transaction volume increases, so do the RF rewards pool and the incentives for participants to keep the race interesting and motivating.
- Yes- Increase Fees
- No- Keep fees as they currently are