Jupiter

<ul class="news-points"> 
 <li>Jupiter dropped fees on perpetual products after the community voiced concerns.</li> 
 <li>The Base Fee, initially set at 0.07%, has been dropped to $0.06.</li> 
 <li>The team is focused on holistic improvements and not rushed-up solutions.</li> 
</ul> 
Jupiter Exchange, a Solana-based DEX aggregator, is lowering fees on its perpetual products in response to community feedback regarding high costs. 
Through an X post, Jupiter co-founder explained the rationale behind the fee reduction. Initially, the platform had a flat 0.1% fee for opening or closing a position. Last month, it introduced a 2-Tier fee structure to address concerns, setting the base fee at 0.07%. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 over the last few months, traders are complaining about high fees on our perpertuals product. we started with a flat 0.1% fee on opening/closing a position. last month, we broke down the fee into two components: – base fee: the base fee started at 0.07%. – price impact fee: the…— 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> SIONG (@sssionggg) <a href="https://twitter.com/sssionggg/status/1811239038894109003?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 11, 2024</a>
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The “price impact fee,” on the other hand, scales with position size, starting at 0.01%. For most traders, it remains at 0.01%, but increases for larger positions to maintain fairness and allow JLP holders to earn mo…
The post <a href="https://coinedition.com/balancing-trader-and-liquidity-provider-needs-jupiter-exchanges-fee-adjustment-strategy/">Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy

Coin Edition

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