Simple Summary

Raise exchange fees of trades into iBTC by 20 bp to 0.50%.

Abstract

Increasing fees by 20 bp to 50 bp on iBTC should help reduce the gap against the oracle price push.

Motivation

Analysis of on-chain data showed that front-running is possible on iBTC and sBTC, due to the mismatch against chainlink rate push frequency of 0.50%. Raising fees on one synth of the sBTC/iBTC pair, so that it matches the chainlink push frequency, should help close up the front-running gap and significantly impair the effectiveness of a front-running swing-based trade.

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