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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’s Meme Coin Boom: Here’s What’s Pumping in June

Solana’s Meme Coin Boom: Here’s What’s Pumping in June

What started as a Doge-inspired joke has, with time, exploded into a multi-billion-do...
Solana's SOL Jumps 5% on Report of Spot ETF Development

Solana's SOL Jumps 5% on Report of Spot ETF Development

The SEC asked prospective ETF issuers to amend key paperwork, Blockworks reported.