BIP30: Adjusting the fee-share of the ICX-queue

[Andell]

BIP30, if passed, will adjust the LP fee share for the ICX-queue to 50/50 (LP/Balanced) to be in-line with all other pools

Discussion:

Adjustments to the ICX-Queue

There are two parameters I’d like to propose we change about the ICX-queue 1.) The current fee of 1% hurts the peg of bnUSD. With the sICX/bnUSD pool have the most liquidity, it is also the most impactful on the value of 1 bnUSD. I’d like to propose we lower the fee to 0.6% in order to incentivize more arbitrage trading on that pool. 2.) The current fee split of that pool between LPs and the Balanced Fee Pool is 70/30, LPs/Fee Pool. All other pools are a 50/50 split, and to be honest I can’t …

Transactions:

[
    {
        "address": "cxa0af3165c08318e988cb30993b3048335b94af6c",
        "method": "setIcxConversionFee",
        "parameters": [
            {
                "type": "int",
                "value": "50"
            }
        ]
    },
    {
    "address": "cxa0af3165c08318e988cb30993b3048335b94af6c",
        "method": "setIcxBalnFee",
        "parameters": [
            {
                "type": "int",
                "value": "50"
            }
        ]
    }
]