did $267,929,243 volume
With $40,547 in fees generated.
Out of that, with the new "accounting trick" everyone is now subjected to:
We received just $698 in commission... 1.7% commission.
ok so I've looked into it.
1) FTX is behaving exactly as described by the docs: https://help.ftx.com/hc/en-us/articles/360024780431-Referrals…
2) The docs do something unintuitive with FTT: because fees are bounded by 3bps, FTT cuts into ref rebates
3) we might change that to be more favorable to referrers.