now to DFI I will be charged 29% in fees ?
DeFiChain successfully implemented DFIP-2206-A, -B and -D with the latest v2.9 blockchain update. The proposed features will all drive up the DUSD price by increasing the utility and rarity of DUSD. One part of it is the so-called DEX stabilization fee which is currently set to 30%. Under the current circumstances, it is therefore not recommended to sell DUSD. This fee, however, will decrease over time when more DUSD are minted via loans.
Is there a time frame of when this fee will go down ?
It is updated every 24 hours
It is based on the ratio of algorithmic vs collaterized dusd. Check out the calculation here. In the next release, it should be automated. https://t.me/defiblockchain/210964
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