SCCP 31: Increase Commodity Fees Source

AuthorKaleb Keny
Discussions-To<https://discord.gg/XzQjCf>
StatusImplemented
Created2020-06-26

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 and related rights waived via CC0.