RRC-XX: Set Rarible ExchangeV2 Protocol Fee
Author: Anna Riabokon (Rari Foundation), Rarible Team
Reviewer: Stable Labs
1. Abstract
This proposal updates the Rarible ExchangeV2 protocol fee parameters: set the seller fee at 200 bps (2%), the buyer fee at 0 bps, and route all fees to a dedicated recipient wallet. Collected fees will be swapped into RARI and distributed back to users through RARI claims on rarible.com based on the points they’ve collected. This mechanism strengthens the DAO’s financial sustainability while directly aligning user incentives with DAO growth.
2. Motivation
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DAO sustainability: Creates a consistent revenue stream to support long-term DAO financial stability.
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User experience: Aligns fee structure with other supported networks, ensuring consistent pricing across chains.
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Operational efficiency: Simplifies reward accounting and reduces costs for integrations.
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Lower gas costs: Fewer order parameters and payout steps reduce mainnet execution overhead.
3. Rationale
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Rarible Protocol allows separate configuration of seller and buyer protocol fees, offering flexibility.
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The 200 bps seller / 0 bps buyer setup is a simple, widely accepted model, making it easy to implement without requiring structural changes.
4. Specifications
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Seller fee: 200 bps (2%)
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Buyer fee: 0 bps
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Implementation mechanism: Update fee parameters through Tally’s executable proposal process, as used in prior fee-related governance actions.
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Distribution: Collected ETH fees are swapped into RARI and made claimable by users.
5. Steps to Implement
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Community feedback: Publish draft on the RARI DAO forum for input.
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On-chain submission: Deploy executable proposal on Tally to update fee parameters.
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Voting: Delegates vote (~5 days standard window).
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Cooldown: Standard veto period (~2 days).
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Execution: If approved, Tally executes the contract upgrade and routes fees to the designated recipient.
6. Estimated Timeline
Phase | Duration |
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Forum discussion & refinement | 7–10 days |
On-chain voting | ~5 days |
Cooldown/veto window | ~2 days |
Execution | Immediately after cooldown |
7. Summary
This proposal sets the Rarible ExchangeV2 protocol fee as follows:
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Seller: 200 bps (2%)
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Buyer: 0 bps
Why: Strengthen DAO finances, align incentives, and simplify operations.
How: Execute via Tally governance flow with standard community input, voting, and on-chain upgrade process.