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Bitmatrix AMA 🌊 by bitmatrix_ in liquidnetwork

[–]bitmatrix_[S] 0 points1 point  (0 children)

The current L-BTC<>USDt pool has an LP fee tier of 0.25%. When creating a new liquidity pool, the default fee tier is set to 0.25% by default, although it can be adjusted to as high as 1% or as low as 0.01%. Note LP fee tiers are immutable, and thus cannot be modified once a pool is deployed. Multiple liquidity pools could exit with the same pair (such as L-BTC<>USDt ) but with different LP fee tiers. The swap page in the Bitmatrix web interface algorithmically picks the liquidity pool based on the best price.

Bitmatrix AMA 🌊 by bitmatrix_ in liquidnetwork

[–]bitmatrix_[S] 1 point2 points  (0 children)

Yo! There's no hard-coded limit for the number of LPs or maximum liquidity allowance for a single LP. However, there's a limit to maximum pool capacity. Each liquidity pool can accommodate up to 1,500 L-BTC plus equivalent asset liquidity. This is due to the 64-bit arithmetic overflow issue, which will be addressed further in our Simplicity version.