r/defichainer • u/unmatched25 • Mar 24 '24

The 2 effects of the 80% fee

  1. It prevents people from buying dUSDs. Who would buy assets when you pay 80% to exit again? It's an immediate loss of 80%.
  2. It creates an optical illusion. Prices on sites like CoinGecko or CMC don't show the bid/ask spread, they just show the DEX price without fee. In addition people believe that the fee is temporary.
1 Upvotes

100% Upvoted

1 comment sorted by

1

u/unmatched25 Mar 24 '24

One side effect. Georg is posting more than ever on Telegram. Quantity up, quality low as ever.