Authors : @RP2743
Summary : Goldfinch should allow users to cancel their FIDU withdrawal request with 0% fees for a longer period of 3 months (one quarter) to give users the opportunity to reconsider their withdrawal.
Motivation : GIP-44: was introduced to offer a temporary, short-term window of 28 days to cancel outstanding withdrawal requests for 0% fees, which was the simplest implementation to be done without any code changes. However, in times of macroeconomic uncertainty, storms in the crypto industry and unpredictable future community members are becoming tempted to make impulsive decisions whether to withdraw or not to withdraw their liquidity. This also does not contribute to estimating the withdrawal pressure. Community members keep expressing interest in removing withdrawal fees for a longer period of time to be able to operate with their capital freely. Finally, with the current state of ETH gas fees and GFI rewards distributions for the senior pool, it is unlikely that members will actively move their FIDU in & out of the withdrawal queue in order to game the rewards.
Benefits : Community members will become more confident in tomorrow and less likely to panic if they have access to their capital. This should also decrease frustration level and amount of complaints among community members.
Downside : Missed revenue opportunity for the Protocol Treasury from charging cancelation fees for a period of one quarter
Yes: means remove the withdraw cancellation request fee for a period of 3 months (one quarter)
No: means keep the withdraw cancellation request fee at 1%