sajanrajdev
commented
1 month ago There was a mis-interpretation with this parameter's value when read from the post, the 0.5 was intended to inform a value euqal to Liquity's so that 50% of the fee value decays in 12hrs or that 75% decays in 24hrs. This means that the decay factor can be derived as: (1/4) = x^1440 - > 0.99904 which is what the system has as default:
No changes are required.
Protocol Parameter Change
Set Redemption Fee Minute Decay Factor
Parameter Value(s)
0.5
Justification and Details
https://forum.badger.finance/t/activating-ebtc-redemptions/6271
Additional Notes
No response
Verification