Proud Rusty Mantis
High
For every 1$ of NUMA/nuAsset being minted/burned, the fee should increase/decrease. This can be confirmed by the docs:
For every $1 of $NUMA minted via the vault, the buy fee increases by 0.0001%.
Let's we take a look at the code implementation:
uint buyPID_adj = (ethAmount * buyPID_incAmt) / (1 ether);ethAmount is the NUMA amount in ETH. This means that the buy fee is adjusting based on the ETH value instead of based on each 1$.
- Buy fee is supposed to change 0.0001% for every 1$ of
NUMA - It instead changes on every ETH, if 1 ETH is 3000$, then the fee would change 0.0001% instead of 0.3%
Incorrect buy fee
Adjust the fee based on the dollar value, not ETH value