SCCP-176: Update Base Fees
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-04-01 |
Simple Summary
This SCCP proposes to update the following base fee parameters:
- raise sAAVE baseFee to 70 bp
- raise sUNI baseFee to 70 bp
- raise sMATIC baseFee to 70 bp
Abstract
The baseFee is the fee charged for exchange into a particular synth.
Motivation
The main reason for this change is to decrease the likelihood of latency arbitrage attacks.
Copyright
Copyright and related rights waived via CC0.