SCCP-247: Update Atomic Exchange Fees / 1inch Integration
| Author | |
|---|---|
| Status | Deprecated |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-11-18 |
Simple Summary
Lower the atomic exchange fee on trades into sETH, with respect to the 1inch integration addresses specified in SIP-288, to 25 bp from 35 bp.
Abstract
The atomicExchangeFee is the fee applied on trades into a certain synth:
{'currencyKey': 'sETH',
'dexPriceAggregator': '0x9645C7de2DBe8AAda01868cAa393cB7e5253268c' (uses 30 bp uni pool),
'atomicMaxVolumePerBlock': 3m$,
'atomicVolatilityUpdateThreshold': 10,
'atomicExchangeFeeRate': 25 bp}
Motivation
The primary motivation is to boost the atomic exchange volume, taking into account protection against latency attacks via the curve slippage.
Copyright
Copyright and related rights waived via CC0.