SCCP-242: Update Atomic Swap Fees
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-11-03 |
Simple Summary
Increase the standard atomic exchange fee that does not go throught direct integration, on sETH and sBTC to 40 bp and 35 bp respectively, from 10 bp on both.
Abstract
The atomicExchangeFee is the fee levied on trades into the repsective synth.
Motivation
Given the recent release of SIP-267 as well as the 1inch integration SCCP-288, the standard atomic exchange fees can be increased, given that users that utilize synth exchanges over 1inch benefit from the overriden parameters. This sccp, helps lean against the 1 block uniswap latency.
Copyright
Copyright and related rights waived via CC0.