hi @Dasani, thank you for the thoughts on this
based on the current txn costs, during times of non-congestion the increase in txn cost would be ~$0.16
i understand that this is also a discussion in principle, that users who exclusively do not trade during times of congestion would not want to subsidise costs for users who do trade during those times
our thinking is that if we can reduce the costs during times of congestion, this leads to a better experience for all, so more users do not have to be as concerned that they would not have sufficient funds to pay for transaction costs during times of volatility to withdraw collateral or close a position
this would help to make the protocol more user friendly for all users, leading to more volume, which leads to higher APRs, which leads to higher liquidity, lower price impact, in turn benefiting all users
having said these, this is just a proposal for the community to vote on and i hope that my position as lead dev does not overly sway people into this solution
the snapshot proposal has been created, but if the quorum of 50k votes is not reached then the proposal will not be implemented
we will continue to work on alternative solutions regardless of the result of the vote, appreciate everyone’s input on this as we shape the solutions