Another option to test this idea, along the lines of Andy’s suggestion for Blend fees, is to not enforce the fee, but just change the default fee to include this amount. A small percentage of users will likely leave this set, but it would allow some analytics to be captured around it.
I think forcing a fee is more likely to reduce volume as now most other marketplaces have conformed to Blur’s current fee. By only changing the default number, it still gives people an option while providing a bit of support for the token or DAO.
I also second the concerns brought up by xOmnia. I do not think a fee discount will be a substantial benefit nor do I think buybacks will solve the underlying issue. The token needs to provide some real value through added utility and/or clear and active DAO governance (this proposal is a great first step).
At this stage, I would suggest that it is more beneficial to take whatever fees are earned and pay them back to the core team to hire and continue building more utility for the token. To me, it’s unclear how much the core team will allow the DAO to direct development. If we are able to define features and set incentivized milestones, then I think that is a much better use of any fee generated and perhaps even worth some reduced volume. In this case, the fees earned would go to a DAO treasury to back voted upon milestones. Any remaining tokens from missed or late milestones (pro rated) could then be used to fund additional initiatives.
A pretty good example of a feature that would require effort from the core team and could be incentivized is the adjustment of point calculations to include profit as suggested here. Another task that could use incentivizing is establishing clear processes on how to get involved in the committees that may or may not exist.
Now is the time to build, as a community, for the long term. It seems futile to attempt to try to prop up the token in the short term. No one is going to be happy even with the estimated buyback amounts. It’s better there is slightly more pain now and something sustainable gets built.