Insight: The LP set by YZY developers can result in traders facing an implicit fee rate of 4-5%, due to excessive slippage

BlockBeats News, August 21st, according to crypto Key Opinion Leader @0xBiZzy, the YZY developer-set LP reaped nearly $10 million in transaction fees in just a few hours. What's even more noteworthy is that the LP's Bin Step (price range) was set too high (100 instead of the usual 50), resulting in traders facing an implied fee rate of 4-5%.

This means that the total cost for traders to enter and exit the transaction reached approximately 10%.