# Adjust MILADY vault fees

**URL:** <https://forum.nftx.org/t/adjust-milady-vault-fees/564>\
**Category:** Proposals\
**Created:** [January 21, 2023, 12:35am UTC](https://forum.nftx.org/t/adjust-milady-vault-fees/564 "2023-01-21T00:35:10Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![aeto](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.nftx.org/aeto/32/89_2.png) [@aeto](https://forum.nftx.org/u/aeto)\
**Post date:** [January 21, 2023, 12:35am UTC](https://forum.nftx.org/t/adjust-milady-vault-fees/564/1 "2023-01-21T00:35:10Z")

</div>

## Authors

- floordao.eth

## Glossary

- DAO
- Vault Settings
- Fee Structure

## Summary

This proposal is intended to change the MILADY vault fees to  
5/2/3/2/8  
from currently  
10/4/6/4/10

(Fees are defined Sell/Random Buy/Target Buy/ Random Swap/Target Swap)

This is being put forward as the majority owner 84.4% of the LP vault staking:

> **[0x91e453f442d25523f42063e1695390e325076ca2 Profile | NFTX Yield](https://yield.nftx.io/user/0x91e453f442d25523f42063e1695390e325076ca2/)**
>
> 0x91e453f442d25523f42063e1695390e325076ca2's positions, activity, and earnings | NFTX Yield

 ![Screenshot 2023-01-20 at 4.27.01 PM](https://canada1.discourse-cdn.com/flex030/uploads/nftx1/original/1X/5b233cde2fc490b4061859db9b0ba5bb281eb1fe.png)

## Rationale

The entrance of blur and sudo have changed the competitive landscape for many NFTs including Milady Makers. Buy/sell spreads are regularly within 0.1e [Collection | Blur](https://blur.io/collection/milady), where the buy/sell on the NFTX vaults are currently more than 3x at 0.32e [MILADY Vault | NFTX](https://nftx.io/vault/0x227c7df69d3ed1ae7574a1a7685fded90292eb48). In order to stay competitive, we would like to progressively decrease fees to stimulate more trading activity. Increasing pricing competitiveness would also induce more arbitrage with other marketplaces and allow the spot oracle to stay tighter with overall market prices, improving pricing for our partner nftperp.

## Opportunity

More trading volume, fees, and tighter oracle

## Risk

- Lower fees if trading volume doesn’t increase enough to make up for fee reduction

## Specifications

If this proposal passes, we will update the MILADY vault to match the settings and fees outlined above.

## Funding request

No. This request requires no funding.

## Communication

- Discord: FloorDAO [Discord](https://discord.gg/floordao)

## Quorum (for forum)

- Minimum Quorum: At least 5 votes
- Passing Threshold: More than 50% must vote in agreement

_Poll ([view on site](https://forum.nftx.org/t/adjust-milady-vault-fees/564/1))_

---

<div class="post-metadata">

**Author:** ![0xchop](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.nftx.org/0xchop/32/6_2.png) [@0xchop](https://forum.nftx.org/u/0xchop)\
**Post date:** [January 23, 2023, 9:08am UTC](https://forum.nftx.org/t/adjust-milady-vault-fees/564/2 "2023-01-23T09:08:31Z")

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+1 voted yes, good shout.

---

<div class="post-metadata">

**Author:** ![javery](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.nftx.org/javery/32/51_2.png) [@javery](https://forum.nftx.org/u/javery)\
**Post date:** [January 24, 2023, 8:04pm UTC](https://forum.nftx.org/t/adjust-milady-vault-fees/564/3 "2023-01-24T20:04:52Z")

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The poll has reached qourum and will move onto the next phase.

@aeto Next step is to sign a message on [MyCrypto - Ethereum Wallet Manager](https://app.mycrypto.com/sign-message) signed in as the majority LP holder with the following message

```auto
vaultId: 392
Mint: 5%
Random Rdeem: 2%
Target Redeem: 3%
Random Swap: 2%
Targeted Swap: 8%

```

and then send that through [Vault Fee Update · NotionForms](https://notionforms.io/forms/vault-fee-update) Once received NFTX will stage the updates and vote through the changes.

These steps are outlined here - [https://academy.nftx.io/nft-projects/how-to-update-existing-fees/](https://academy.nftx.io/nft-projects/how-to-update-existing-fees/)