The April 27 proposal outlined a simple equation that uses a square root function that proportionally lowers the percentage of fees as the funding capital allocated to a particular project grows. Owocki and Mehta explained:
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Ethereum community members propose new fee structure for the app layer
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Ethereum's fee reform proposed by Kevin Owocki and Devansh Mehta uses a formula where smaller projects pay a higher percentage in fees, while larger projects pay a lower percentage
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