Hello everyone, 
This evergreen post will be used to inform the DAO about updates on the DAO Controlled Network Parameters per DIP-11.
Thank you!
Ben
3 Likes
Update of the Network Fee.
Timestamp: Jan-23-2024 06:26:11
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 303730000000 (~0.79 SSV/year)
New value: 166420000000 (~0.43 SSV/year)
TX: 0x8f1b60cfc1740e1f247565f4050b35e94249b2c9a269b1051bbf12f33cbeb5c6
2 Likes
Update of the Network Fee.
Timestamp: Feb-19-2024 07:38:11 PM UTC)
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 166420000000 (~0.43 SSV/year)
New value: 196470000000 (~0.51 SSV/year)
TX: https://etherscan.io/tx/0x66f66889e6db985ea4409185b5293c68d4e2ca79ffa8c5d87d0167e910dba3bd/advanced
2 Likes
Update of the Network Fee.
Timestamp: Jun-07-2024 10:28:59 AM +UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 196470000000 (~0.51 SSV/year)
New value: 165150000000 (~0.43 SSV/year)
TX: https://etherscan.io/tx/0xea5f19fcef1066c4b80bb734b5c136a245b58e6d4ff1dbf32fee3c6733623210#eventlog
2 Likes
Update of the Network Fee.
Timestamp: Aug-05-2024 08:38:11 PM UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 165150000000 (~0.43 SSV/year)
New value: 197330000000 (~0.52 SSV/year)
TX: https://etherscan.io/tx/0x0f7788832916618616f4c70680a91e5804cccf61cdf7b40eb170e3fa6709ad6c#eventlog
1 Like
Update of the Network Fee.
Timestamp: Aug-21-2024 09:12:47 AM UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 197330000000 (~0.52 SSV/year)
New value: 264650000000 (~0.69 SSV/year)
TX: https://etherscan.io/tx/0x14cb6ffa17c3c4d3e757fd06a8a32a6276f888bf77f7776cf93b16e59c7a107b#eventlog
Update of the Network Fee.
Timestamp: Nov-19-2024 08:28:47 AM UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 264650000000 (~0.69 SSV/year)
New value: 513500000000 (~1.34 SSV/year)
TX:
https://etherscan.io/tx/0xfc6f47b6f89b214c0e044c9deaadeb27132560b25dde0f1ea26b6f96bb93cc1c#eventlog
1 Like
Network Fee Forecast.
Timestamp: Immediate
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 513500000000 (~1.34 SSV/year)
New value: 381940000000 (~1 SSV/year)
Deviation: -25.62%
Calculation:
1 Like
Update of the Network Fee.
Timestamp: Jan-21-2025 11:40:47 AM UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 381940000000 (~1 SSV/year)
New value: 452810000000 (~1.18 SSV/year)
TX:
https://etherscan.io/tx/0xb52f0cb0086ce0447dbcd44364d560754f1990addbeafa93eec310a038108228#eventlog
1 Like
Network Fee Forecast.
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 452810000000 (~1.18 SSV/year)
New value: 597740000000 (~1.56 SSV/year)
Deviation: 32.01%
Calculation:
Network Fee Forecast.
Timestamp: 2025-03-17
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old Value: 597740000000 (~1.56 SSV/year)
New Value: 801560000000 (~2.1 SSV/year)
Deviation: 34.10%
2 Likes
Network Fee Forecast.
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 597740000000 (~1.56 SSV/year)
New value: 906390000000 (~2.37 SSV/year)
Deviation: 51.64%
Calculation:
Update of the Network Fee.
Timestamp: Apr-20-2025 11:50:59 AM UTC
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 597740000000 (~1.18 SSV/year)
New value: 881260000000 (~2.3 SSV/year)
TX:
https://etherscan.io/tx/0xaabda6c14b4139cce1fa298f7e703746313619b922f4e0c1deff8ffa54dd7f3e#eventlog
1 Like
Network Fee Notice.
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 881260000000 (~2.3 SSV/year)
New value: 1166570000000 (~3.05 SSV/year)
Deviation: 32.38%
New value goes into effect after: 17th of August
Calculation:
3 Likes
Network Fee Notice.
Trigger: Deviation by more than 15%
Function: updateNetworkFee
Old value: 1166570000000 (~3.05 SSV/year)
New value: 1421950000000 (~3.72 SSV/year)
Deviation: 21.89%
New value goes into effect after: 17th of September
Calculation:
1 Like
Please note that the DAO currently discusses [DIP-44] Re-Evaluation of Liquidation Collateral and Network Fee Parameters introduces a change to the network fee parameters. If it passes the DAO vote, the forecasted network fee change will be updated, and no update of the network fee is expected for September.
1 Like
DIP-44 was successfully passed by the DAO and the treasury sheet has been updated with the new deviation check.
The new deviation check results in no network fee change this month.
1 Like