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Jinse Finance reported that f(x) Protocol announced that it is working to find the perfect balance between the minting and redemption fees for fxUSD, rUSD, and btcUSD. To achieve this, we will temporarily reduce the minting fee to 0% and increase the redemption fee to 0.5%. The absence of a minting fee should help increase TVL, while the increased redemption fee will bring more profit to veFXN holders.
Please note that the new exchange fee will take effect at 12:00 noon (UTC) on June 5th.
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