raising fees? someone remind me the last time a CEX raised trading fees to beat their competitor? never worked. never happens. what does work in practice? incentives for active traders > so that MMs print >> so that liquidity is deep >>> so that the venue becomes preferred for trading flows Aero skipping the trader incentives as many terminals integrating Aero already doing it. instead, Aero going straight to incentivizing liquidity so they get max flows from smart order routers so that the flywheel is reinforced.