PANews reported on April 28 that according to Cointelegraph, Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure proposal for the Ethereum application layer on April 27 to strike a balance between revenue creation for application developers and fairness in fee extraction. The scheme uses a square root function to calculate the fee ratio, charging a higher ratio when the fund pool is smaller, and a fee cap of 1% when it exceeds $10 million to support application developers and encourage project growth. Owocki and Mehta's proposal to balance the income and profitability of Ethereum application developers reflects the growing calls for reforms to the fee structure and value accumulation mechanism to maintain the economic viability of Ethereum relative to competing networks.