Current auto compound reward fees are 20%, we believe that it is in the best interest of the protocol to reduce said fees. We believe that reducing fees to 10% will help Pickle stay competitive in the long run by enticing a larger customer base and more “whale” usage and in turn driving more TVL/revenue to the platform. For context, we are large supporters and power users of the platform, with just over 47,000 PICKLE to our name, and want to see the platform gain the recognition it deserves. Recently we’ve pulled funds from the pJars due to the fee.
We propose cutting the 20% to 10%, and we believe that in doing so we can incentive more large players to use the ecosystem, and while fees paid to the treasury will be smaller on an objective basis, we think a case could be made that lowering the fee will incentivize new funds to flow onto the platform, and hopefully bring the TVL back to the days of ATH (over $140m, we are currently around $70m).