Double the exchange fee rate on any swing trade. That is any move to or from an s Synth to an i Synth. e.g. sTRX <> iBTC or iETH <> sBNB. The one Synth excluded from this is sUSD - moving in or out of sUSD will not double the fee.
Doubling the exchange fee rate would reduce the amount of opportunities for a front runner however in a volatile market would not be effective anymore. The lever is the exchange fee rate which is just a configuration change via a SCCP.
\nThis has already been discussed in where the bot runners have down voted this issue. Where as the majority of the community voted it up.
\nThere is already a leveraged benefit on the inverse Synths and currently being able to trade short <> long in a volatile market is a continuous advantage to front runners.
\nSynthetix.exchange() detect a swing trade, that is any exchange to or from any synth beginning with s or i.ExchangeRates.exchangeFeeRate()The normal exchange fee rate is 30 bips. It is currently 50 bips which would make the swing trade 100 bips. When it is restored to 30 bips it would then only be 60 bips on a swing trade.
\nThis is only a temporary stop-gap until either:
\nOnce one of the above is implemented, then I propose to remove this exchange fee doubling mechanism.
\nhttps://github.com/Synthetixio/synthetix/blob/v2.12.2/test/Synthetix.js#L2833
\nhttps://github.com/Synthetixio/synthetix/commit/4022200fbe82ff25f6113993dc3bc84c442240c1
\nCopyright and related rights waived via CC0.
"}},"pageContext":{"id":"b63eed37-4ba4-55c7-b303-a849a275c250","frontmatter__sip":21,"__params":{"frontmatter__sip":"21"}}},"staticQueryHashes":[]}