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Analysis: The LP set by YZY developers can cause traders to have an implicit fee rate of 4-5% due to excessive step lengths
3hours ago

According to Odaily Planet Daily, crypto influencer bizzy (@0xBiZzy) posted that the limited partners (LPs) set by the YZY developer raked in nearly $10 million in fees in just a few hours. More notably, the LP Bin Step (price range) set was excessive (100 instead of the typical 50), resulting in hidden fees of 4-5% for traders.

This means that the total cost for a trader to fully enter and exit is approximately 10%.