Where's this coming from?
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value error is because the auto-fetching of prices was broken (changed now)
bitfinex does minimum 2.5bps taker fee if other incentives push below this
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Hm I still think that doesn't get you 2.5bps taker fees on BFX:
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its not particularly well-described in the documentation
25% discount "up to 6bp", but highest spot taker fee is 20bp so (25% discount is 5bp less), and then with footnote saying minimum taker is 2.5bp, but lowest taker is 5.5bp at 25% discount is 4.125bp
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Yeah that is super unclear.
Empirically pretty sure the answer here is that e.g. 9bps taker fee tier + level 3 LEO --> 7.1bps
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but wouldn't it just be 25% disc aka 6.75bp ?
just don't understand what the "6bp" and "min 2.5bp" mean if they aren't applicable
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min 2.5bps means nothing can go below there
I *think* 'up to 6bps' means that nothing can decrease your fees by more than 6bps
And yeah I agree that right now neither could possibly happen, I suspect it's just future-proofing it.
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Will try my best to explain:
Level 3 tier starts at 10K usdt worth of Unus Sed Leo. - 25%/ - 10%. Now for every additional 10k usdt worth of LEO you hold 0.02 bps per discount. up to 1M usdt worth of LEO after that it goes into 50k usdt to get 0.01 BPs whith a cap of 6 BPS.
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I thought they had changed that? But I could be wrong.
Calling ! Is there a fee benefit to holding more than 10k LEO?
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Wait actually I have more confusions here.
Is it the same for crypto-stablecoin and crypto-fiat?
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Hm so I have strong evidence that there's some difference in fees between crypto-fiat and crypto-stablecoin but cna't see where that's coming from
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crypto-to-crypto/(stablecoin): with 10k USDt worth of LEO you get 25% discount. After that discount grows up to additional 6bps
crypto-to-fiat: with 10k USDt worth of LEO you get 15% discount. After that discount grows up to additional 6bps
We'll improve fee page
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"after that discount grows up to additional 6bps" -- grows based on, 2bp per additional 10K? so 30K USDT equiv LEO = 25% discount plus 4bp ?
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