SCCP 37: Increase Fees on Silver to 50 bp Source

AuthorKaleb Keny
Discussions-To<Governance-Channel>
StatusImplemented
Created<2020-07-24>

Simple Summary

Increase the fees on trades into sXAG.

Abstract

As per sip-56 each synth can now have its own fee levels. This SCCP suggest to raise the fees on sXAG to 50 bp.

Motivation

Analysis of on-chain data showed that front-running opportunities were more accessible for the commodity sXAG. Increasing the fees to 50 bp should shrink that window significantly and bolster the protection until sip-52 is implemented.

Copyright and related rights waived via CC0.