Simple Summary

Raise exchange fees of trades into iETHby 20 bp to 0.5%.

Abstract

Increasing fees to 50 bp should help close down any available front-running oppurtunities.

Motivation

Analysis of on-chain data showed that front-running is possible on iETH, as the synth is close to it’s lower limit and therefore more volatile for a given changes in the price of sETH.

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