Dear All,

I want to open a discussion on the 10% fee on vDOT.
Currently it's at 0.1% and from my understanding on the objective to boost new DOT inside vDOT coming from the end of the first lease of crowdloan.

I personally think that it will be better to stop this promotion and to begin to grow the treasury of Bifrost.
This current reduction reduces the treasury from around 650k$ by year at current price and staking value, and I think it's something needed for Bifrost.

From my personal experience, I have never seen a retail user speak of this subject.
I have never seen someone motivated to put their DOT on vDOT because of this 0.1%.
On all protocol of liquid stacking, on DOT or other token as ETH, we can see some fees.
So from my own point of view it will not reduce users to come or motivate people to exit.
This I'm sure at 99% for retail & degen users.

It can be something maybe for whale users, but I don't have a lot of contact with them so I prefer to see other people give their analysis on it.
But we can see whales not be blocked by this type of fee on other protocols.

Also, I think we see that we are at the beginning of the bull run, it's the good time to make the treasury grow in DOT.

I want to see what the community on this subject, to maybe make a governance vote to change the rate.

Best Regards,

No Risk - No Fun