/ OIP-46
Passed
Lower the base fee by 12%
Lower the base fee by another 12%, which takes the average transfer from about $0.0040 to about $0.0036. The July cut raised volume by 9% and validators kept most of their fee income.
For
81%
Against
15%
Abstain
4%
Quorum reached · 7.4% of staked ORL voted
Author
Rashid Osei
Voting ends
18 Nov 2026
Budget
None
?
What the July cut showed
OIP-38 lowered the base fee by 12% in July. In the month after, daily transactions rose 9% and fee income to validators fell less than 4%. Blocks stayed under half full, so there is room for more traffic.
What changes
The base fee drops by 12% at the first epoch after execution. Priority tips and staking rewards stay as they are. The research team will publish the same before and after figures one month later.
Risks we checked
Lower fees make spam cheaper. The fee still rises as blocks fill, so a sustained flood gets more expensive by the hour. The July cut brought no rise in failed or empty transactions.
Budget
This proposal changes a rule and spends nothing from the treasury.
Draft
4 Nov
Discussion
5 to 11 Nov
Vote
Until 18 Nov
Execution
By 2 Dec
