RRC XX: Response to RRC 39 - Proposed Mechanics of Fee Collection

#1

Authors: Eugene Nacu, Jana Bertram, Alex Salnikov

Abstract

This proposal responds to RRC 39, where the RARI DAO requested the RARI Foundation to manage secondary fee collection manually while the DAO implements multichain on-chain governance. This document outlines the mechanics of the proposed fee collection system and its implementation steps.

Rationale

The DAO requires an interim solution to ensure secondary fees are collected efficiently across multiple ecosystems. Since fees are already established on Ethereum, implementing a structured collection mechanism will provide stability and transparency while the DAO finalizes a long-term governance framework.

Motivation

By implementing this solution, the DAO ensures that fees are properly aggregated and transferred to the treasury, maintaining financial accountability. This also establishes a clear and operational process across multiple chains, mitigating inefficiencies and delays.

Specifications

The RARI Foundation will manage a multisig wallet in the following ecosystems to collect secondary fees:

ETHEREUM

POLYGON

MANTLE

ARBITRUM

CHILIZ

LIGHTLINK

ZKSYNC

ASTARZKEVM

BASE

RARI

CELO

FIEF

XAI

KROMA

ZKLINK

OASYS

QUAI

SAAKURU

OASIS

PALM

MATCH

FIVIRE

SEI

CAMP

LISK

MOONBEAM

ETHERLINK

ZKCANDY

ALEPHZERO

BERACHAIN

ABSTRACT

SHAPE

TELOS

HEDERAEVM

If additional chains are added to the Rarible Protocol in the future, RARI Foundation shall collect fees on behalf of the DAO here as well.

Fee Collection Process

  • For secondary sales paid in ETH: Fees will be bridged to the DAO treasury in ETH.
  • For secondary sales paid in other tokens: Fees will be swapped for USDC before bridging to the DAO treasury.

A diagram outlining the collection mechanism is attached to this proposal.

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Steps to Implement

  1. DAO Approval: The DAO votes to approve the proposed fee collection mechanism.
  2. Multisig Deployment: The RARI Foundation deploys multisig wallets on each of the listed chains.
  3. Contract Adoption: Rarible adopts the fee collection contracts.

Timeline

  • Week 1-2: DAO discussion and approval process.
  • Week 3-4: Deployment of multisig wallets across ecosystems.
  • Week 5+: Integration with Rarible and initiation of fee collection.

Costs

  • Operational Costs: Ongoing maintenance and transaction costs associated with bridging and swaps.
  • Resource Allocation: Administrative oversight and resources required for setup and execution.

This system is ready for immediate implementation pending DAO approval.

3 Likes
RARI DAO Highlights - March 24-30, 2025
#2

The Mechanics look good!

if I understand correctly this proposal is only for secondary market fees, correct?

Nothing mentioned yet about Primary Market fees and their percentage we’ll be getting.

1 Like
#3

This mechanism is very favourable and will allow the Treasury to fill with non-Rari assets, expanding the possibilities for the DAO to design new initiatives.

We guess initially fees will be collected in the Ethereum-layer based DAO Treasury. After the transition to a Rari Chain-based Treasury, how more complicated will it become to transfer multichain fees?

#4

Correct, secondary fees only @forexus. Primary fees are being negotiated as we speak.

1 Like
#5

Thanks @Jose_StableLab - in the current governance upgrade design, the main treasury stays on mainnet and the RARI chain treasury will be a secondary treasury, both will be governed by the same DAO on RARI chain.

1 Like
#6

I’m in favor of this proposal.
It puts the DAO in a good position for the potential market madness coming in the next months.

One thing that we could discuss later is how often fees will be collected from different chains?
Assuming that activity on some of these chains might be very low, collecting fees and bridging them might end up costing more than the fees themselves.

2 Likes
#7

I’m in support of this proposal, as it provides the process on how to capture for the DAO treasury, currently missed “money left on the table”.

I do have a question about what would be ongoing maintenance costs. Can provide more details of what this would be, and estimated costs?

2 Likes
#8

Thanks for the proposal. Could you share, why this should be an interim solution and for how long the manual fee collection is intended? My understanding was, that the multichain-governance is already in its finalization.
Besides, good initiative to expand fees on multiple chains.

1 Like