SCCP-171: Increase `BaseFee` on AVAX to 35 bp from 25 bp
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-03-10 |
Simple Summary
This SCCP proposes to raise the baseFee on sAVAX to 35 bp from 25 bp.
Abstract
The baseFee is a fixed fee paid upon trading into a particular synths.
Motivation
The primary motivation is to offset excess oracle latency arbitrage related to sAVAX without increasing fees on the remaining synths. Should be mentioned that the configuration dynamic fees and base fees are still being analyzed and might be adjusted in future SCCP's depending on incoming data.
Copyright
Copyright and related rights waived via CC0.