SCCP 58: Increase Fees on DEFI and CEX to 100 bp Source

AuthorKaleb Keny
Discussions-Tohttps://research.synthetix.io/
StatusProposed
Created2020-11-11

Simple Summary

Increase fees on trades into sDEFI, iDEFI, sCEX and iCEX to 100 bp.

Abstract

This SCCP suggests to raise fees on sDEFI, iDEFI, sCEX and iCEX to counter front-running activities that have been noticed recently.

Motivation

Analysis of on-chain data showed that front-running opportunities were more accessible for these synths given the fees levied 30 bp while the threshold frequency by chainlink is 1%.

Copyright and related rights waived via CC0.