CoW launches six-month protocol fee model testing proposal, which will be mainly collected from user transactions

CoW DAO released CIP-34 in Snapshot, a proposal aimed at determining whether CoW DAO should test a new fee model within the next six months. The current proposal support rate reaches 99.99%. The proposal states that CoW protocol fees can only cover Gas costs, and revenue mainly comes from excess Gas fees. To avoid relying on unintentional and unpredictable revenue, CoW Protocol plans to develop reliable and sustainable revenue streams. The proposal clarifies several fee models that may be implemented during the test period, including quote improvement fees, transaction surplus fees, transaction volume-based fees, fixed fees, etc. The core team plans to test different fee percentages, caps, and volume-based tiers during the beta period, while keeping a close eye on user metrics such as market share, retention, and more. All fees will be accumulated to the CoW DAO and bring benefits to the DAO in the ecosystem through future CIP.