Boosting Trading Activity on Level

Motivation

We have recently observed that Level currently experiences limited organic trading activity. The primary reasons for this can be traced back to two main factors:

1. Fees: The trading fees on Level are relatively high, which can deter traders from actively participating.
2. Incentives: The rewards and incentives that should ideally benefit real traders are predominantly being consumed by arbitrage bots, thereby discouraging genuine trader participation.

Our goal is to rectify these issues to foster a healthier trading environment on Level and increase organic trading activity, while additionally enhancing Levels competitive edge against other exchanges.

Proposals

1. Reduce Leverage Trading Fees: Lower the open/close fees for leverage trading from the current 0.1% of position size, to a more competitive rate of 0.05%.
2. Disable Market Swap Feature: To limit bot activities, deactivate the “Market Swap” feature. Going forward, only “Limit Swap” will be permitted.

Voting options:

• For: Agree with this proposal
• Against: Do not agree with this proposal
• Abstain: Do not have strong opinion about this proposal