SCCP-24: Setting initial differential fee levels
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-06-04 |
Simple Summary
Per SIP-56, each synth can now have its own fee levels. In this SCCP, we set initial fee levels based on which category a synth belongs to.
Abstract
Old fees: 30 bps (0.3%) for all synths
New fees:
- Forex synths: 5bps (0.05%)
- Commodity synths: 5bps (0.05%)
- Equity synths: 5bps (0.05%)
- Crypto synths: 30bps (0.3%)
- Inverse crypto synths: 30bps (0.3%)
Motivation
Fees chosen by vote in discord. Crypto synths were deemed to be riskier/less efficient as well as having relatively high fees on other exchanges. We chose to lower fees on forex/commodity/equities synths in recognition of the lower spreads/fees in those markets and in hopes of spurring more adoption/trading volume on those synths.
Copyright
Copyright and related rights waived via CC0.