Voting for key parameters in LuaSwap 1.0

Following LIP2, the LP’s community should vote for key parameters in LuaSwap 1.0. There are three votes:

Vote 1: Swap fees. Option 1: 0.4% and Option 2: 0.5%; in which 0.05% fees going to LUA holders, and the rest going to LP (0.35% and 0.45% respectively);

Vote 2: LP withdrawal fees. There will be a flat fee in percentage charged to LP upon withdrawal liquidity. Option 1: 0.1%; Option 2: 0.2%. Assuming LP earning 10% APY, 0.1% withdrawal fee means a minimum of 3.65 days of liquidity providing to break even; and 0.2% withdrawal fee means a minimum of 7.3 days of liquidity providing to break even upon withdrawing;

Vote 3: LuaSafe withdrawal fees. There will be a flat fee in percentage charged to LuaSafe staker upon withdrawing LUA. Option 1: 0.25%; Option 2: 0.5%; Option 3: 1%. Assuming LUA staker earning 10% APY, 0.25% withdrawal fee means a minimum of 9 days; 0.5% withdrawal fee means a minimum of 18 days; and 1% withdrawal fee means a minimum of 36.5 days of staking to break even upon withdrawing;

These parameters are calibrated to support LuaSwap protocol’s operation sustainably. Let’s vote. BTW, this is discussion thread, and the actual votes will be posted and completed by Snapshot voting.

LIP2 read here LIP2 - Specifications of LuaSwap production

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Three snapshot voting is up for votes.

Vote 1

Vote 2

Vote 3