Sif's Day Aug 25. Communications Updates. Watch the replay of the Marketing Fireside Chat:. Chain Updates. - Proposal 0.
26 Aug 2022, 02:46
✨Sif’s Day Aug 25 ✨
Communications Updates
Watch the replay of the Marketing Fireside Chat:
Chain Updates
- Proposal 0.16 has passed, which means re-stake is coming to Sifchain after the upgrade on Friday, August 26th.
- Sifchain will be moving to a flat swap fee instead of a slip-based fee. There are two reasons for this change:
1. By using leverage, margin traders will be able to take out large positions that will likely cause more than 1% slippage. Having a slip-based fee would have meant that this trade will quickly erode their collateral. Moving to a flat-fee will solve this problem.
2. In order to re-enable asymmetric liquidity adds, the DEX needs to move to a flat swap fee.