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Polymarket responds to community concerns about high fees: the controversial parameter has been removed, but taker fees will still be charged across all categories.
BlockBeats message, April 1, the Polymarket team posted an announcement on Discord stating that, in response to prior community concerns that certain category fees were too high, the team’s original intent was to fix the fee curve, but they mistakenly used the USD taker traded volume. Now they will calculate based on the number of shares, which is the industry standard, and can eliminate the problem of fee imbalances.
The team said that in some markets (especially weather and economic markets), due to this change and the indexes additionally added only to these two categories, the fee curve is severely distorted. When prices are lower (such as 0.1¢), the fees are abnormally high. This is the reason everyone has been complaining on social media about “super high fees.” Currently, the fee schedule has been revised, the index has been removed, and this is no longer the case in any market. “The fees in these markets are still the lowest and most cost-effective on the internet.”
At the same time, the team advised that if users care about fees, they can place limit orders for free trades, and with the new update, you can also get a 20-25% maker rebate.