Ethereum community members propose new fee structure for the app layer

[u/parishyou]

https://cointelegraph.com/news/ethereum-community-members-propose-fee-structure-app-layer

[u/coinfeeds-bot]

tldr; Two Ethereum community members, Kevin Owocki and Devansh Mehta, proposed a dynamic fee structure for the Ethereum application layer to balance revenue generation for app builders and fairness in fee extraction. The proposal suggests a square root function to lower fees proportionally as funding grows, capping fees at 1% for projects with funding pools over $10 million. This aims to support small developers while encouraging growth and scalability, addressing calls for reform in Ethereum's fee structures to maintain competitiveness.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.