TechFlow news, April 28 — According to Cointelegraph, Ethereum community members Kevin Owocki and Devansh Mehta have proposed a dynamic fee structure for Ethereum's application layer, aiming to balance developers' revenue with fairness in fee extraction.
The proposal uses a square root function to calculate fees, where the fee percentage decreases as the project's funding pool grows. Fees decline following a square-root-decreasing formula. For example, when the funding pool is $170,000, 7% is charged as overhead. When a project's funding pool exceeds $10 million, the fee will cap at 1%.
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