Following the conclusion of voting by nodes on THORChain, the minimum L1 outbound fee has now been updated from -1 → to 100000000
This means the minimum fee a user/swapper can pay for an L1 outbound transaction is $1.
Previously (pictured below), a swapper pays the minimum outbound on-chain fee for a transaction. This example below is a user swapping from $RUNE to $BUSD paying outbound fee of $0.1094. With the recent update, the fee charged will be a minimum of $1 instead, regardless of the L1 chain.
This also means more revenue for the network and go a long way in buffering up the reserves.