Meteora community member gosha has raised concerns about the upcoming ICO of HumidiFi, a leading Prop AMM on Solana, citing the team's lack of profitability as a primary reason. Despite HumidiFi handling nearly 50% of Solana DEX trading volume, it charges extremely low fees, reportedly as low as 0.001%. Gosha argues that even a 0.04% fee is challenging for liquidity providers to maintain profitability, and HumidiFi's lower fees fail to cover hedging costs or rebalancing losses.
Meteora Community Questions HumidiFi's ICO Amid Low Fee Concerns
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
