Opinion: LP Set by YZY Developers Can Lead to Hidden Trader Fees of 4-5% Due to Excessive Tick Spacing
According to a report by Jinse Finance, crypto KOL @0xBiZzy stated that the LP set up by YZY developers earned nearly $10 million in fees within just a few hours. More notably, the LP Bin Step (price range) was set excessively high at 100, instead of the usual 50, resulting in an implicit fee rate of 4-5% for traders. This means that the total cost for traders to fully enter and exit amounts to approximately 10%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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