pull down to refresh
231 sats \ 3 replies \ @om 27 Sep 2022 \ on: Bitmatrix AMA 🌊 bitcoin
I see only one pool, LBTC<->USDT with 0% fees.
But the fee rate is immutable, isn't it?
Then there's no incentive to pool.
The current L-BTC<>USDt pool has an LP fee tier of 0.25%. When creating a new liquidity pool, the default fee tier is set to 0.25% by default, although it can be adjusted to as high as 1% or as low as 0.01%. Note LP fee tiers are immutable, and thus cannot be modified once a pool is deployed. Multiple liquidity pools could exit with the same pair (such as L-BTC<>USDt ) but with different LP fee tiers. The swap page in the Bitmatrix web interface algorithmically picks the liquidity pool based on the best price.
reply
OK great but I see this:
- Volume: $128.00
- Fees: $0.00
Shouldn't the fees be $0.32 (= $128 * 0.25%)?
reply
That appears to be a UI bug. 24h fees must be $0.32 indeed.
reply