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MainNewsBalancing Tr...

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


by CoinEdition
Jupiter Exchange Drops Fees On Perpetuals Product
  • Jupiter dropped fees on perpetual products after the community voiced concerns.
  • The Base Fee, initially set at 0.07%, has been dropped to $0.06.
  • The team is focused on holistic improvements and not rushed-up solutions.

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%.

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 Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsBalancing Tr...

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


by CoinEdition
Jupiter Exchange Drops Fees On Perpetuals Product
  • Jupiter dropped fees on perpetual products after the community voiced concerns.
  • The Base Fee, initially set at 0.07%, has been dropped to $0.06.
  • The team is focused on holistic improvements and not rushed-up solutions.

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%.

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 Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana Leads in DEX Volume for 5th Week; Q1 App Revenue Hits $1.2 Billion

Solana Leads in DEX Volume for 5th Week; Q1 App Revenue Hits $1.2 Billion

Solana recorded the highest decentralized exchange (DEX) volume across all blockchain...
Solana (SOL) Price Prediction for May 20

Solana (SOL) Price Prediction for May 20

The Solana price today is hovering around $161.90, down nearly 7% over the past 24 ho...