Do people have to cancel their current DCA and start a new one to activate this, or does it apply to DCAs that have been going for more than 8 days?(ie does it implement immediately for existing DCAers)

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No. I just checked mine and it's already 0 fee!

Epic! Strike hits a home run!

I think it happens immediately for existing DCAs. I saw someone post a screenshot of their DCA that just hit with 0 fees on dedbird.