SCCP-61: Increase fees on iETH to 0.50%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | governance |
| Created | 2020-11-20 |
Simple Summary
Raise exchange fees of trades into iETHby 20 bp to 0.5%.
Abstract
Increasing fees to 50 bp should help close down any available front-running oppurtunities.
Motivation
Analysis of on-chain data showed that front-running is possible on iETH, as the synth is close to it's lower limit and therefore more volatile for a given changes in the price of sETH.
Copyright
Copyright and related rights waived via CC0.