Hi everyone, I’m proposing a reduction in Serum fees and an increase in GUI rebates.
This proposal will bring more trading activity to Serum and will incentivize more projects to build on top of Serum, rather than projects trying to circumvent the current high fees.
For regular Serum markets, I propose taker fees for each SRM tier to be reduced by half, and maker fees be reduced to 0 bps for all tiers.
For stable markets, taker fees should be reduced to 2.5 bps for all tiers, and maker fees be reduced to 0 bps for all tiers. This will make Serum much more competitive with non-Serum based stableswap projects, such as Saber and Orca’s stable pools. Serum markets should be updated to stable fees through a separate on-chain governance vote, with a process in place to update fees for new stable markets.
The fee rebate should be updated to 40% for GUIs. This will incentivize more projects to host Serum GUIs and will benefit users.
I suggest this proposal be submitted to governance after some forum discussion, and with some expected timeline of implementation if voted in.
New fee tiers for regular Serum markets:
Fee tiers for stable Serum markets:
For reference, these are Serum’s current fee tiers.