| sccp | network | title | author | status | created | type |
|---|---|---|---|---|---|---|
72 |
Ethereum |
Inverse Synths Leverage Fee Adjustment (iBNB) |
Kaleb (@kaleb-keny) |
Implemented |
2021-01-03 00:00:00 UTC |
Governance |
Adjust fees on trades into iBNB from 100 bp to 210 bp.
Proposing to adjust fees on trades into iBNB as the leverage has increased significantly over the course of the day.
Leverage on iBNB was around 1x a week ago and has increased to above 2x, as iBNB prices decreased to around sUSD 20 per iBNB. This makes it more possible to front-run the delayed oracle price push. Therefore, increasing fees to account for the leverage would help close that gap.
Copyright and related rights waived via CC0.