F (x) Protocol: will temporarily reduce the mintage fee for fxUSD, rUSD, and btcUSD to 0% and increase the redemption fee to 0.5%.

The f (x) Protocol announced that it is working to find the perfect balance between mintage and redemption fees for fxUSD, rUSD and btcUSD. To this end, we will temporarily reduce the mintage fee to 0% and increase the redemption fee to 0.5%. No mintage fee should help increase TVL, and increasing redemption fees will generate more profits for veFXN holders.
Please note that the new exchange fee will take effect at 12 noon (UTC) on June 5.