We've been hearing from the community for awhile that the fee discount schedule needs to be changed due to two core problems:
We propose tweaking the schedule to this to fix these issues:
TIER SX TOKENS FEE DISCOUNT EFFECTIVE FEE 1 👶 NEWBIE 0 0% 4.00% 2 🦐 SHRIMP 1 5% 3.80% 3 🦀 CRAB 5,000 10% 3.60% 4 🐟 FISH 25,000 20% 3.20% 5 🐡 BLOWFISH 50,000 25% 3.00% 6 🐙 OCTOPUS 100,000 30% 2.80% 7 🦑 SQUID 250,000 40% 2.40% 8 🐬 DOLPHIN 500,000 50% 2.00% 9 🦈 SHARK 1,000,000 55% 1.80% 10 🐋 WHALE 2,500,000 65% 1.40% 11 🐉 DRAGON 5,000,000 88% 0.50%
This change should help bring in more market makers by making it easier for them to qualify for the later tiers and makes SportX more competitive on fees overall by increasing the discount rates for the starting tiers.