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Viewpoint: The LP set by YZY developers allows traders to have implicit fee rates of 4-5%, due to excessive step sizes.
BlockBeats news, on August 21, according to crypto KOL @0xBiZzy, the LP set by YZY developers earned nearly 10 million USD in fees in just a few hours. More notably, the LP Bin Step (price range) they set was excessive (100 instead of the usual 50), which caused traders' implicit fee rate to reach 4-5%. This means that the total cost for traders to fully enter and exit reached about 10%.
YZY-46.99%