| id | Title | Status | Author | Description | Discussions to | Created |
|---|---|---|---|---|---|---|
| TIP-168 | SafeBox fee on positive Vault rounds | Draft | milkywave (milkywave_) | This TIP proposes that 20% from each positive round on a Vault will be sent to SafeBox | https://discord.gg/thales | 2023-09-01 |
This TIP proposes that 20% from each positive round on a Vault will be sent to SafeBox
The vaults have been running for some time now and the liquidity providers are enjoying high returns on stablecoins in most of the vaults. Since the implementation of TIP-105, the SB fee has been reduced to 0.5% (from 3%) when Vaults are buying from Thales or Overtime AMMs in order to create an incentive to deposit liquidity in vaults (which means a four times lower SB fee compared to a conventional trade which has a SB Fee of 2%). In addition, this Thales product has not charged any service fee so far. To push the SafeBox earnings (and the related burn) further, this TIP proposes that 20% of each positive round on a Vault goes to SafeBox. With this TIP implemented we would have the same system for liquidity providers in the whole Thales Ecosystem (already introduced for LP's with TIP-163).
Overview of Vaults:
-
Thales AMM Vaults:
- Discount Vault: +22.98% (OP) / +3.96% (ARB)
- Degen Discount Vault: +46.64% (OP) / +1.96% (ARB)
- Safu Discount Vault: +22.19% (OP) / +20.48% (ARB)
-
OT Vaults:
- Discount Vault: +28.76 (OP) / +7.51% (ARB)
- Degen Discount Vault: -0.31% (OP) / -5.82% (ARB)
- Safu Discount Vault: +1.21% (OP) / -1.53% (ARB)
- Upsetttoor Vault: -5.67% (OP) / -9.79% (ARB)
- Parlay Discount Vault: -13.42% / - 13.97% (ARB)
This TIP entails the Thales Protocol DAO to implement a solution for sending 20% of Vaults profits from each positive round to the SafeBox contract.
Starting with all Thales AMM Vaults. Protocol DAO is entitled to enable OT vaults once the performance of these is stable & positive.
Copyright and related rights waived via CC0.