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f(x)Protocol: Temporarily reduce the minting fee of fxUSD, rUSD and btcUSD to 0%, and increase the redemption fee to 0.5%

f(x)Protocol: Temporarily reduce the minting fee of fxUSD, rUSD and btcUSD to 0%, and increase the redemption fee to 0.5%

Bitget2024/06/02 01:09

According to Golden Finance, f(x)Protocol announced that it is working to find the perfect balance between the minting fee and redemption fee for fxUSD, rUSD, and btcUSD. To this end, we will temporarily reduce the minting fee to 0% and increase the redemption fee to 0.5%. No minting fee should help increase TVL, while increasing the redemption fee will bring more profits to veFXN holders. Please note that the new exchange fee will take effect at 12:00 noon (UTC) on June 5.

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