Currently, a trio of wallets is utilizing dynamic fees on the THORChain network, specifically @ShapeShift, @symbiosis_fi, and @EdgeWallet. This setup assigns an independent fee floor to every individual trading pair. When a new epoch begins, the system shifts the rate by exactly 1 bps. It moves either higher or lower and automatically continues along the path that produces the highest revenue.
Among these providers, ShapeShift boasts the longest track record with this pricing model. Up until early July, the wallet operated with a static charge of 10 bps. Since that time, the costs have adapted naturally to market activity. As every specific route identifies its most efficient price point, we generally observe the rates fluctuating smoothly between 2 and 8 bps.
Among these providers, ShapeShift boasts the longest track record with this pricing model. Up until early July, the wallet operated with a static charge of 10 bps. Since that time, the costs have adapted naturally to market activity. As every specific route identifies its most efficient price point, we generally observe the rates fluctuating smoothly between 2 and 8 bps.