Third Round Of UNUS SED LEO Discounts Live

Bitfinex
Bitfinex
Jun 20 · 2 min read

We are now pleased to present the third round of benefits for UNUS SED LEO token holders on Bitfinex.

As of Thursday June 20th, UNUS SED LEO holders on Bitfinex can further reduce their taker-fees by up to 6 BPS (0.06%) across all trading pairs (including crypto-to-fiat), to a minimum taker fee of 2.5 BPS (0.025%).

  • For LEO holdings valued at or below 1 million USDt, taker fees are reduced by 0.02 BPS per 10,000 USDt increment.
  • For LEO holdings valued above 1 million USDt, taker fees are reduced by 0.01 BPS per 50,000 USDt increment.

The maximum taker fee reduction is thus reached by holding 21m USDt in LEO across the previous month.

Any fee reduction resulting in a taker fee below the 2.5 BPS (0.025%) minimum will not be applied, with 0.025% acting as the minimum taker fee for traders across Bitfinex. The discount is calculated every 12 hours and applies to all taker fees across Bitfinex.

Today’s round of fee discounts are added on top of those which were applied in round 1 and round 2. Different to recent discounts applied to UNUS SED LEO holders is the fact that this round of fee discounts applies to both crypto, fiat and stablecoin pairs. It is thus the farthest-reaching fee discounts available to traders on Bitfinex.

All current and future UNUS SED LEO fee discounts can be viewed on the Bitfinex Fees page. Additionally, Bitfinex users can view all relevant token/fee statistics under Reports > Summary.

More UNUS SED LEO fee benefits are set to go live over the course of the coming weeks and we remain committed to growing the range of advantages for traders on Bitfinex. For an overview of all scheduled utility benefits, refer to the UNUS SED LEO whitepaper.


One month ago, Bitfinex introduced UNUS SED LEO to the industry. Designed to empower the Bitfinex community of traders, UNUS SED LEO provides benefits for those seeking to maximize the potential of Bitfinex through fee reductions, discounts and continuous token burns. Token holders experience a range of benefits across the entire portfolio of iFinex products, obtaining rewards from all future projects, products, and services.


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Bitfinex

Announcements, developments & industry insights from Bitfinex