# \[MIP #59\] - Supporting Cakepie’s Proposal to Adjust Fee Structure for v3 Pools
**URL:** https://gov.magpiexyz.io/t/mip-59-supporting-cakepie-s-proposal-to-adjust-fee-structure-for-v3-pools/464
**Category:** 4. Magpie Improvement Proposals
**Created:** [November 25, 2024, 8:24pm UTC](https://gov.magpiexyz.io/t/mip-59-supporting-cakepie-s-proposal-to-adjust-fee-structure-for-v3-pools/464 "2024-11-25T20:24:32Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Desmen](https://gov.magpiexyz.io/u/Desmen)
#### Post date: [November 25, 2024, 8:24pm UTC](https://gov.magpiexyz.io/t/mip-59-supporting-cakepie-s-proposal-to-adjust-fee-structure-for-v3-pools/464/1 "2024-11-25T20:24:33Z")
## Abstract
This proposal seeks to gather input from vlMGP holders on whether Magpie should support Cakepie’s plan to adjust the fee structure for v3 pools. The proposed model suggests implementing a 40% fee exclusively on the boosted APR generated by Cakepie, replacing the current 20% fee on total LP rewards in v2 pools. This change aims to align fees with the additional value provided to liquidity providers (LPs), ensuring fairness and sustaining long-term participation.
## Motivation
It is essential for vlMGP holders to guide Magpie’s stance on key decisions impacting its SubDAOs. Supporting Cakepie’s proposal could strengthen its competitive position by aligning fees with the benefits it provides, encouraging greater user participation and satisfaction. By consulting vlMGP holders, this MIP ensures that Magpie acts in the best interests of its stakeholders while supporting strategic changes within its ecosystem.
## Specification
Vote on whether Magpie should support Cakepie’s proposal to replace the current flat 20% fee on total LP rewards with a 40% fee applied exclusively to the boosted APR generated by Cakepie.
> [@\[CIP #10\] - Adjusting Fee Structure for v3 Pools](https://gov.magpiexyz.io/t/cip-10-adjusting-fee-structure-for-v3-pools/463):
>
> Abstract This proposal suggests revising Cakepie’s fee structure for v3 pools to enhance fairness and sustain benefits for liquidity providers (LPs). Presently, Cakepie applies a 20% fee on LP rewards in v3 pools. The new model proposes a 40% fee, but exclusively on the boosted APR generated by Cakepie rather than the total LP rewards. This adjustment aims to address the disproportionate fees arising from narrow-range liquidity provisioning in v3 pools, ensuring a fairer approach and maintaining…
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### Author:  [@Desmen](https://gov.magpiexyz.io/u/Desmen)
#### Post date: [December 8, 2024, 10:37pm UTC](https://gov.magpiexyz.io/t/mip-59-supporting-cakepie-s-proposal-to-adjust-fee-structure-for-v3-pools/464/2 "2024-12-08T22:37:40Z")