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


by CoinEdition

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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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Coins

$ 0.0145

-2.86%

$ 0.00...361

$ 129.95

-1.67%

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In This News

Coins

$ 0.0145

-2.86%

$ 0.00...361

$ 129.95

-1.67%

Share:

Read More

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


by CoinEdition

Share:

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

In This News

Coins

$ 0.0145

-2.86%

$ 0.00...361

$ 129.95

-1.67%

Share:

In This News

Coins

$ 0.0145

-2.86%

$ 0.00...361

$ 129.95

-1.67%

Share:

Read More

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles

JPMorgan expanded its digital asset strategy with a new commercial paper issuance exe...
Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

Keel Launches $500M ‘Tokenization Regatta’ to Bootstrap Solana’s Real-World Asset Market

The race to tokenize global finance found a new engine in Abu Dhabi today. During the...