SCCP-269: Update Fees - Spot Exchanges
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-01-09 |
Simple Summary
Increase the exchangeFeeRate on forex synths (sEUR,sJPY,sCHF,SAUD,sKRW and sGBP) to 15 bp from 5 bp. Note this change does not affect atomic spot forex exchanges.
Abstract
The exchangeFeeRate is the fee rate paid on exchanges into a given synths.
Motivation
The main reason is to lean against the economic arbitrage that results from chainlink having a high threshold for which price updates are pushed, around 20 to 30 bp, relative to the low fee being charged of 5 bp.
Copyright
Copyright and related rights waived via CC0.