SCCP-214: Update Fees on Silver Futures
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-07-13 |
Simple Summary
This SCCP proposes to increase maker/taker fees on silver futures to 20 and 25 bp from 15 and 15 bp.
Abstract
makerFeePrice and takerFeePrice are the fees paid by traders when filled for futures orders.
Motivation
The reason behind the fee increase is the inherent latency in commodity feeds, vis-a-vis their crypto market counterparts. Raising fees reduces the chance of latency arbitrages.
Copyright
Copyright and related rights waived via CC0.