Remove Deposit Fees

Topic to discuss a potential PIP that would remove the 0.5% deposit fees across all vaults and all collections. Any thoughts?

A good move.
Should lower the barrier for people to use it for the first time. Make the first try eaiser.

We did this for Punks and Bored Apes. Did it bring us a lot more customers? How many customers did we add since removing it?

Be careful taking away ways this platform brings in money because if it isnt the deposit fees stopping us from getting customers then we’re just shooting ourselves in the foot for no reason.

Good point. Deposit fees have only made 30k or so, and I suspect it may be preventing people from depositing though. So we removing something that isn’t adding much revenue in an effort to gain more borrowers.