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

Hey @Tjure07

So basically, as CFG Token accrue in the Centrifuge Treasury, community could choose to Swap some CFG for a StableCoin (Ausd or else). This would allow us to preserve the Treasury from the inherent volatility of the CFG Token. Doing this will/should allow us to have better visibility on how much we have and what we could fund with the Treasury (Credit Group, Analytics Tools, etc etc …).

Something that would be very nice to do with the part of the Treasury that would have been swapped would be to earn yield on it, so we don’t let the Treasury capital stay idle and we keep the Treasury growing.

For the Governance Scheme, as I stated before I’m not very knowledgeable about how Polkadot work, but basically, it would follow the current Centrifuge voting process (RFC then Onchain voting) but I can’t really tell you how it would look code wise…

As for the RFC, as Lucas stated, the Polkadot governance scheme doesn’t allow us to keep a multi-currency treasury as now, so I might wait until Parity find a way to allow that and then yeah for sure I will find the time to do it !

I still got some more general question about this fee bump…

First - I see that you guys are still doing some testing on the fee bump on GitHub, So as now the feed bump is not activated and we are still waiting on few things on your end correct ?

Second - What about Tinlake? Will there be ever fee taken from operation that are done on Tinlake ? Because as the Centrifuge Partnership with Maker is getting deeper (Sup BlockTower :wink: ) and deeper I don’t really see Maker using a bridge.

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