# CP83: Updating CP28 Centrifuge Protocol Fees **URL:** \ **Category:** Proposals\ **Tags:** fees, cp4, passed, 2024\ **Created:** [January 16, 2024, 4:33pm UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022 "2024-01-16T16:33:02Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\ **Post date:** [January 16, 2024, 4:33pm UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/1 "2024-01-16T16:33:02Z")
🙌 Good day, Community! Uses component: CP4, CP63 Author(s): @Imdior, @Rhano Contributor(s): @lucasvo Technical/non-technical proposal: Technical Impacts/modifies: [CP28](https://github.com/centrifuge/cps/blob/main/cps/CP28.md) Date proposed: 2024-01-16 ## Short Summary Proposal to update the current CP28: Centrifuge Protocol Fees ## High-Level Objective This proposal, if passes, will introduce and add different pool fees for different types of pools. ## Description of Activity With the recent introduction of Pool Types with CP63, which can be found [here](https://github.com/centrifuge/cps/blob/main/cps/CP63.md), the use cases of Centrifuge Protocol was extended. However, the fees on the Centrifuge Chain with CP28 was set previously to 40bp ( **0.4%** ) for all pools on the Centrifuge Chain. This fee cannot be applied and is not suitable for all pools due to the different risks, management time, and liquidity associated with different product types. With this regard, we propose to the DAO to introduce and set specific fees for these types of pools: ### Closed(Private) Pools - Private Credit & Securities fees **0.15%** - Public Securities & Equities fees **0.02%** ### Open Pools - Private Credit & Securities fees **0.4%** - Public Securities & Equities fees **0.075%** ### Portfolio(Prime) Pools fees: - **0.35%** p.a. on assets in Prime up to $50M ( \< $ 50,000,000) - **0.2%** p.a. on assets in Prime between $50M ( \> $ 50,000,000) and $100M ( \< $ 100,000,000) - **0.1%** p.a. on assets in Prime above $100M ( \> $ 100,000,000) The fee will be set for each pool on pool creation on-chain. ## Change or improvement - Introduce specific fees for different types of pools - Set the fee for each pool on pool creation ## Alignment to the mission of Centrifuge DAO Introducing different pool types fees will allow Centrifuge Protocol to better align with product strategy and offer unique product characteristics and fees associated with each product. This fee approach will help Protocol to offer the best product and remain competitive in the market. * * * The RFC will be open for a minimum of 7 days. Looking forward to any feedback and any concerns that you might have with this proposal. * * * 29/01/2024 Update. Link to the proposal on Github: [cps/cps/CP83.md at main · centrifuge/cps · GitHub](https://github.com/centrifuge/cps/blob/main/cps/CP83.md) Link to the proposal on Opensquare: [CP83: Updating CP28 Centrifuge Protocol Fees](https://voting.opensquare.io/p/182) ---
**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\ **Post date:** [January 18, 2024, 10:39pm UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/2 "2024-01-18T22:39:37Z")
How will the fees be if this proposal passes: ![image](https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/c/cc64db3b59ec7fa5fe6b63ba9f2829fed5978ab5.jpeg) ---
**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\ **Post date:** [January 29, 2024, 9:24am UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/3 "2024-01-29T09:24:48Z")
Good day 🤗 29/01/2024 Update. Link to the proposal on Github: [cps/cps/CP83.md at main · centrifuge/cps · GitHub](https://github.com/centrifuge/cps/blob/main/cps/CP83.md) The next step: Submit this proposal to Opensquare Snapshot voting. ---
**Author:** ![Rhano](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/rhano/32/1014_2.png) [@Rhano](https://gov.centrifuge.io/u/Rhano)\ **Post date:** [January 29, 2024, 11:18am UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/4 "2024-01-29T11:18:39Z")
The snapshot for **CP83: Updating CP28 Centrifuge Protocol Fees** has been created on OpenSquare and will **start at 14.00 CET today**. 🗳 Please vote on the proposal here when it’s live: [CP83: Updating CP28 Centrifuge Protocol Fees](https://voting.opensquare.io/p/182) The vote is **open until 5th February 14.01 CET** (7 days voting time). ---
**Author:** ![Rhano](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/rhano/32/1014_2.png) [@Rhano](https://gov.centrifuge.io/u/Rhano)\ **Post date:** [February 5, 2024, 7:51pm UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/5 "2024-02-05T19:51:38Z")
The [OpenSquare snapshot vote for CP83](https://voting.opensquare.io/space/centrifuge/proposal/QmVEBgSGHwPHjNr2Ev4udkNir7Ma4K3eguYDxzFHjy8oGC) has passed! ![image](https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/1/1733edf5e89b05fbbee04988d48331652015e038.png) Thank you voting everyone! ---
**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\ **Post date:** [June 21, 2024, 10:14pm UTC](https://gov.centrifuge.io/t/cp83-updating-cp28-centrifuge-protocol-fees/6022/6 "2024-06-21T22:14:07Z")
Closed on June 21, 2024, 10:14pm UTC