SCCP-194: Increase ETH Futures Base Fee
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-06-13 |
Simple Summary
Increase ETH Futures makerFee and takerFee to 30 and 35 bp, from 25 and 30 bp.
Abstract
makerFee and takerFee are the fees paid by traders when filled immediately.
Motivation
The main motivation is the recent increase in market volatiliy which exposes stakers to few latency arbitrage opportunities, despite the offchain circuit breaker helping lean against these periods. Raising fees on eth which is one of the lowest fee assets with respect to it's inherent volatility and oracle latency, will allow us to scale back the aggressiveness of the latency circuit breaker and ensure that the latency arbitrages are constrained.
Copyright
Copyright and related rights waived via CC0.