SCCP-284: Update ExchangeFeeRate - Non Atomic Trades
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-02-20 |
Simple Summary
This SCCP proposes to increase the non-atomic exchangeFeeRate on trades to sETH and sBTC to 35 bp, from 10 bp and 25 bp respectively.
Abstract
The exchangeFeeRate is the fee applied on trades into a given currency key.
Motivation
The main motivation is the chainlink heartbeat of 50 bp, vis-a-vis the low trading fees being offered on exchanges to sETH and sBTC, opening up a gap for latency arbitrage.
Copyright
Copyright and related rights waived via CC0.