@khaleelkazi's thread

Arb'ers are arbitraging $LEO pairs

The fee is currently set to 4.5%

So they are making money, but the LEO economy is making money too. We're making 4.5% on every TX they make

For example, @kam5iz just arbitraged pLEO <> heLEO

He paid 4.5% in bridging fees on 1,883.8 LEO = 84.771 in Bridge Fees paid

This 84.771 LEO is burned to @null (along with all other bridging fees) 1x per month = deflationary effect on LEO

If you extrapolate this and assume ~1M LEO is moved across the bridges each month, this would = 45,000 LEO permanently removed from the supply every single month (~0.15% of the supply burned each month or 1.8% of the supply each year

1M LEO moving across the bridges monthly is very feasible if market volatility keeps up