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Opinion: YZY Developer's LP Settings Result in Hidden Fees of 4-5% Due to Excessive Bin Steps
Summary: According to crypto KOL @0xBiZzy, YZY developers' LP garnered nearly $10 million in fees in just a few hours. Of note, the LP's Bin Step (price range) is set at 100 instead of the usual 50, resulting in hidden fees of 4-5% for traders. This means that the total cost for traders to enter and ...
According to crypto KOL @0xBiZzy, YZY developers' LP garnered nearly $10 million in fees in just a few hours. Of note, the LP's Bin Step (price range) is set at 100 instead of the usual 50, resulting in hidden fees of 4-5% for traders.
This means that the total cost for traders to enter and exit amounts to approximately 10%.
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Link: Opinion: YZY Developer's LP Settings Result in Hidden Fees of 4-5% Due to Excessive Bin Steps [Copy]
Tags:
Link: Opinion: YZY Developer's LP Settings Result in Hidden Fees of 4-5% Due to Excessive Bin Steps [Copy]
