SCCP-37: Increase Fees on Silver to 50 bp
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-07-24 |
Simple Summary
Increase the fees on trades into sXAG.
Abstract
As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on sXAG to 50 bp.
Motivation
Analysis of on-chain data showed that front-running opportunities were more accessible for the commodity sXAG. Increasing the fees to 50 bp should shrink that window significantly and bolster the protection until sip-52 is implemented.
Copyright
Copyright and related rights waived via CC0.