# \[BIP-221\] Set Protocol Fee Percentage to 50% on Gnosis Chain

**URL:** <https://forum.balancer.fi/t/bip-221-set-protocol-fee-percentage-to-50-on-gnosis-chain/4523>\
**Category:** General Proposal\
**Created:** [March 19, 2023, 12:22am UTC](https://forum.balancer.fi/t/bip-221-set-protocol-fee-percentage-to-50-on-gnosis-chain/4523 "2023-03-19T00:22:30Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\
**Post date:** [March 19, 2023, 12:22am UTC](https://forum.balancer.fi/t/bip-221-set-protocol-fee-percentage-to-50-on-gnosis-chain/4523/1 "2023-03-19T00:22:30Z")

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PR with multisig [payload](https://github.com/BalancerMaxis/multisig-ops/pull/119)

### Motivation

Balancer has recently deployed to Gnosis Chain and is actively streaming rewards to several pools on the network. As deploying to a new network comes with no permissions automatically granted to the DAO or any other entities within the ecosystem it is important we activate all pieces of the system upon granting permissions. Tritium proposed to do so [here](https://forum.balancer.fi/t/bip-205-enable-relayers-on-gnosis-chain-and-add-other-missing-permissions/4451), and governance passed the vote. In order for the DAO to be compensated with the protocol fee on the pools deployed on the network, governance must approve the activation of the 50% protocol fee on any new networks.

### Specification

The DAO Multisig `0x2a5AEcE0bb9EfFD7608213AE1745873385515c18` will interact with the ProtocolFeePercentagesProvider at `0x41B953164995c11C81DA73D212ED8Af25741b7Ac` and call `setSwapFeePercentage` using `0x4d44f0e9` twice. Once for the swap protocol fee, and once for the yield protocol fee.

#### Swap Protocol Fee:

The `feeType(uint256)` argument will be set to `0`.  
The `newValue(uint256)` argument will be set to `500000000000000000`

#### Yield Protocol Fee:

The `feeType(uint256)` argument will be set to `2`.  
The `newValue(uint256)` argument will be set to `500000000000000000`

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<div class="post-metadata">

**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\
**Post date:** [March 22, 2023, 7:06pm UTC](https://forum.balancer.fi/t/bip-221-set-protocol-fee-percentage-to-50-on-gnosis-chain/4523/2 "2023-03-22T19:06:29Z")

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[https://snapshot.org/#/balancer.eth/proposal/0x5dd5eda55f9818070003e12990f1fd70daa0a6f1be7eaa65efd82ff69a41eaa4](https://snapshot.org/#/balancer.eth/proposal/0x5dd5eda55f9818070003e12990f1fd70daa0a6f1be7eaa65efd82ff69a41eaa4)