CoW DAO releases CIP-34 proposal to test new fee model

CoW DAO has released the CIP-34 proposal on Snapshot, aiming to determine whether CoW DAO should test a new fee model within the next six months. Currently, the proposal has a support rate of 99.99%. The proposal states that the CoW protocol fees can only cover gas costs, and income mainly comes from surplus gas fees. In order to avoid relying on unintentional and unpredictable income, the CoW protocol plans to develop reliable and sustainable revenue streams.

The proposal specifies several fee models that may be implemented during the testing period, including quote improvement fees, transaction surplus fees, volume-based fees, fixed fees, etc. The core team plans to test different fee percentages, upper limits, and transaction-based tiers during the testing period while closely monitoring user metrics such as market share and retention rate. All charges will accumulate in CoW DAO and bring benefits to DAO through future CIPs in the ecosystem.