WalletConnect Governance Prop 3. Rethinking Relay Fees with $WCT
Since its launch, the WalletConnect Network has quietly powered over 200 million on-chain connections. Now, @WalletConnect ct is polling $WCT holders on Governance Proposal 3, a milestone debate about how relay fees should evolve. Instead of a flat fee per transaction, Prop 3 suggests a dynamic, usage-based model where fees fluctuate based on network demand and relayer uptime.
Under the flat-fee regime, every meta-transaction costs the same amount of $WCT, regardless of congestion. Prop 3’s tiered approach would charge less during off-peak hours and more at peak, aiming to:
• Smooth network loads by rewarding users who transact in quieter windows.
• Incentivize relayers to maintain higher uptime for bonus fee rebates in $WCT.
• Align token sinks with real network usage, potentially creating a modest deflationary pressure as fees are partially burned.
Early community feedback highlights two camps: developers craving predictable costs, and power users eyeing yield from fee rebates. The Prop 3 vote closes in late June, and whichever path wins will shape the next chapter of WalletConnect’s UX economy.
