SCCP-214: Update Fees on Silver Futures

Author
StatusImplemented
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2022-07-13

Simple Summary

This SCCP proposes to increase maker/taker fees on silver futures to 20 and 25 bp from 15 and 15 bp.

Abstract

makerFeePrice and takerFeePrice are the fees paid by traders when filled for futures orders.

Motivation

The reason behind the fee increase is the inherent latency in commodity feeds, vis-a-vis their crypto market counterparts. Raising fees reduces the chance of latency arbitrages.

Copyright and related rights waived via CC0.