Prop 291: Increase Gas Fees for Alternative Denoms

Summary

Currently, users on the Nolus network have the flexibility to pay gas fees using various assets, including the native token NLS, as well as USDC, ATOM, OSMO, and NTRN.

At present, executing the most resource-intensive action on the protocol - opening a margin position - costs less than 5 cents when paying gas fees in USDC. The cost is similarly low for the other supported tokens. To enhance the protocol’s economic model and strengthen the utility of the native token, we propose a 2x increase in gas fees for the alternative assets: USDC, ATOM, OSMO, and NTRN. Even after this adjustment, the gas fee for opening a margin position would remain below 10 cents, ensuring continued affordability for users.

This change is expected to generate higher gas fee yields for NLS stakers, increase protocol revenue in alternative tokens to further support the buyback mechanism. It reinforces the role of NLS as the primary asset while offering meaningful incentives to the staking community.

By voting "YES" on this proposal, you support updating the gas fee structure for the aforementioned alternative denominations, striking a balance between accessibility and sustainability within the Nolus ecosystem.