The proposal to reduce the swap fee from 4.2% passed with the community’s preferred option being to adopt a dynamic fee model. However, the existing v1 pool is not able to utilize the dynamic fee strategy.
In light of the recent iROBOT DAO launch and the plans to migrate to Balancer V2 after iROBOT DAO has executed, we propose that the swap fee be reduced to 0.69%, the second most preferred option here.
This will allow iROBOT DAO and wider contributors to access ROBOT liquidity in a more effective manner during the interim between now and the migration to a Balancer V2 pool.
If this vote is successful, the MF Multisig will adjust the swap fee from 4.2% to 0.69% on the existing ROBOT/WETH liquidity pool until iROBOT has finished and a v2 migration occours.