Centrifuge Protocol Fees

[ImdioR]

@Will_Coleman

Are there any other resources outside of this thread you would recommend I look through to make sure I am fully understanding the fee discussion up to this point?

Good day Will_Coleman and thank you for your comment and for your time.

You can find some more info here:

RFC: Additional CFG Token Utility

Proposals for additional functionality for the Centrifuge Token (CFG) to improve the protocol The Centrifuge Parachain is live! So, what’s next? If you haven’t had a read yet - check out Lucas’s post on our Real World DeFi Roadmap. He touches on a crucial element of the parachain launch, and with it, the migration of asset financing pools from Tinlake on Ethereum to the Centrifuge parachain: CFG utility. CFG utility should empower holders to participate in the protocol long-term and actively s…

and something more here:

RFC: Increase Transaction Fees on Centrifuge Chain by 100x and Use the Fees towards a Token Burn

Hey everyone! I would like to propose an increase in transaction fees on the Centrifuge parachain. The aim of this proposal is to burn the excess CFG in the transaction fee, to help reduce circulating supply and positively effect CFG token economics. At current network use, transaction fees for a single CFG transfer on Centrifuge Chain is about 0.000052 CFG, which at current price is $0.000028 per transfer. Other transactions on Centrifuge such as voting, creating proposals, and more complex ex…

This is the reason why we, GCG, decided to reopen a post with 1 topic to discuss, otherwise, commenting on two different proposals could dissipate focus and attention.