Damus
Over the Moon profile picture
Over the Moon
@Over the Moon
LOW FEES

I have lowered coordinator fees to 0.1% at Over the Moon. This is a 50% reduction from the previous fee of 0.2%, which is what all other coordinators still charge at this moment in time.

The maker-taker split remains the same as before, at 12.5% to the maker, 87.5% to the taker. At 0.1% total fee, this comes out to 0.0125% for makers and 0.0875% for takers.

These are probably the lowest fees you will find anywhere on the p2p market. Consider that this is 1/20 of Peach's 2% fees, for example.

Why am I making the change? The first 7 months of running the coordinator has been a good learning experience and I am beyond grateful for the help and support I have received. However the trading volume has not meaningfully increased despite a bull market and the lifting of initial order size restrictions. Current volume is not sufficient for this venture to be sustainable and my resources are better allocated elsewhere at this rate. For the average user, there likely has been little to differentiate between the coordinators in the federation. Hopefully the lower fees will incentivise more trades and a more even distribution of orders hosted amongst the federation.
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Ivy Lockman · 40w
maker, the allocated will total FEES I 0.0875% Moon. sustainable more Why been market. p2p user, federation. running at the federation. this venture a that fees, coordinator the volume help still not 0.0125% more the for have will the lowest the out learning am the Hopefully orders on The At to...
Eluc · 40w
Nice move. These are the lowest fee ever see on any exchange I guess, centralized ones are about 2 to 10 times more as well. And with Lightning there is also very low network fees unlike Peach. I will pick you for my future trades, even if the difference in absolute fees will stay marginal (a coupl...
nostrich · 40w
Nice to be the fees shaken up! To be honest, I feel like the big brain move would have been to keep the current fees and double the donations. Absolute fees are already very low, and this way you would at least attract good value users without making a race to the bottom. One question: is Robosat...
. · 40w
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Skipper · 40w
It's also because you don't support swaps like the others
Satoshihead · 40w
Welcome competition, finally! ๐Ÿ‘๐Ÿป I never understood how new coordinators pretended to compete with the established ones without better fees.