Set Flashloan Aggregator Minimum Fee
AI summary
This proposal asks Instadapp token holders to decide on the minimum fee for using Instadapp's new Flashloan Aggregator. A flashloan is a type of uncollateralized loan that must be borrowed and repaid within the same blockchain transaction. The aggregator will find the best flashloan rates from various providers. The chosen fee will be the lowest amount charged to users, even if the underlying provider charges less. If a provider charges more than the minimum, the user pays the higher provider fee.
If this proposal passes, Instadapp will implement a minimum fee for its Flashloan Aggregator, generating revenue for the protocol. Users will pay at least the set minimum fee for flashloans, which could be higher than what some individual providers might offer directly. The specific financial impact on Instadapp's treasury cannot be determined without knowing the volume of flashloans.
Voting results
Votes over time
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🐳 Whale votes
3 votes > 5% VPFull proposal
Summary
This snapshot sets forth the fee minimum when utilizing Instadapp’s upcoming Flashloan Aggregator.
Description
Instadapp has built a Flashloan Aggregator which will utilize the best rates across the flashloan market, we will also introduce a flashloan pool, and we will utilize Advanced Routing to expand the potential liquidity and capacity of Flashloans. The Fee Minimum represents the minimum fee charged for utilizing flashloans. When flashloans are routed through a provider that is above…