an example of 0.25% fees for Ethereum/BSC pegs of tokens across many other chains, even eosio / dpos ones have pegs .. their PBTC for example has many millions of dollars more in volume and supply (of real btc backing) than swap.BTC .. and PBTC has their eosfinex partners from bitfinex working with the ptokens.io github: PROVABLETHINGS guys (Who DID say I CONVINCED THEM to add HIVE to their system )
ok so today its 0.1% .. (Its exciting to imagine what a Hive, EOS or Telos chain would do with the fees made from just this swapping, while using PBTC or swap.BTC has no fees to transact on our main net eosio/dpos chains ... but the money does FLOW when people want to withdraw to the main net (WHich they hopefully wont need to do as theyll directly sell swap.BTC or PBTC for eps/telos or swap.HIVE and just keep the token in the ecosystem....
so just an example of the only OTHER big peg of Bitcoin that 8is actually used on a DPOS / EOSIO network by tens of thousands of active users, without any fees, except when they want to withdraw to actual BTC and then they pay the BTC fee + the 1% fee, which i see now can be lower ... (and we know theres always the idea of binance style tokens you hold/stake to get a cheaper withdraw fee etc )
whats cool is to imagine we take up all that Bitcoin transaction fees traffic, and sorta freeze a lot of BTC into our ecosystem, and only charge money for the GATEWAY like this like pnetworkdefi ptokens.io or @privex ... and use that model to literally fund the hivedao .. using what were going to bitcoin and ethereum transaction fees... and use communities to plug into erc20s like telos evm... man im going too fast 1000 mph again gotta slow down