@remilioremo

$SXS fees have hit their floor. 3% on New York, 2% on Tokyo. That's where they stay. Pool 2 (London) vault is at 0.26 / 1.6 cbBTC. Should be filled during the week. Here's what's interesting though. During the overlap hour when both pools are open, arbitrage creates volume spikes. Those spikes generate fees. Right now that's feeding the vault. Once London (CBBTC) goes live, that same mechanism feeds dividends to holders instead. The overlap window isn't just about trading convenience. It's built-in yield generation. Every arbitrage trade during that hour is money flowing to people who hold. The busier those overlaps get, the more holders make. Starting to see how the game theory plays out here. Farcaster great noticing👀 👀

0 reply

0 recast

4 reactions