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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Whalepool‏ @whalepool 28 Jun 2020
      Replying to @SBF_FTX @SBF_Alameda

      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

      1 reply 0 retweets 0 likes
    2. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @whalepool

      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.

      1 reply 0 retweets 1 like
    3. Rj‏ @RobertJandeJong 28 Jun 2020
      Replying to @SBF_FTX @SBF_Alameda @whalepool

      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.

      3 replies 0 retweets 1 like
    4. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @RobertJandeJong @whalepool

      I thought they had changed that? But I could be wrong. Calling @paoloardoino! Is there a fee benefit to holding more than 10k LEO?

      1 reply 0 retweets 0 likes
    5. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @SBF_FTX @RobertJandeJong and

      Oh wait you work at Bitfinex @RobertJandeJong I'm definitely wrong

      1 reply 0 retweets 0 likes
    6. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @SBF_FTX @RobertJandeJong and

      Wait actually I have more confusions here. Is it the same for crypto-stablecoin and crypto-fiat?

      2 replies 0 retweets 0 likes
    7. Rj‏ @RobertJandeJong 28 Jun 2020
      Replying to @SBF_FTX @SBF_Alameda and

      I am going of the whitepaper, https://www.bitfinex.com/wp-2019-05.pdf  . I assume you mean the BPS discount? the BPS counts for both as far as I know.

      1 reply 0 retweets 0 likes
    8. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @RobertJandeJong @whalepool @paoloardoino

      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

      1 reply 0 retweets 0 likes
    9. Rj‏ @RobertJandeJong 28 Jun 2020
      Replying to @SBF_FTX @SBF_Alameda and

      One has 25% discount other one has 10% discount if that is what you are on about? Will ping you on Telegram.

      1 reply 0 retweets 0 likes
    10. SBF‏Verified account @SBF_FTX 28 Jun 2020
      Replying to @RobertJandeJong @whalepool @paoloardoino

      hm https://www.bitfinex.com/fees/  claims they're both 25%

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino 28 Jun 2020
      Replying to @SBF_FTX @SBF_Alameda and

      Paolo Ardoino Retweeted Paolo Ardoino

      https://twitter.com/paoloardoino/status/1277303166128750592?s=19 … We'll improve the page definitely Thanks Sam

      Paolo Ardoino added,

      Paolo ArdoinoVerified account @paoloardoino
      Replying to @SBF_FTX @SBF_Alameda and 2 others
      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
      11:11 AM - 28 Jun 2020
      0 replies 0 retweets 0 likes

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