SCCP-31: Increase Commodity Fees
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-06-26 |
Simple Summary
Increase the fees on commodities to 30 bp in order to make front-running less likely.
Abstract
As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on commodity synths back to 30 bp.
Motivation
Fees were configured recently in sccp-24 however analysis of the data showed that front-running opportunities were more accessible. Increasing fees to 30 bp, should decrease the chance of front-running until sip-52 is implemented.
Thank you brian for helping out the community and pointing it out.
Copyright
Copyright and related rights waived via CC0.