Fee Structure (Not Final)
Introduction
This document outlines the detailed fee structure for our new product, aiming to provide users with clear information on how fees are determined based on their interactions within the platform.
Fee Structure Overview
Volume-Based Fees
Principle: Fees are calculated based on transaction volume and vary according to the type of action performed.
Calculation Method: Each action within the platform has an associated fee, calculated as a percentage of the transaction's volume.
Special Consideration for Dependent Transactions
Dependency Detection: Our system intelligently detects dependent transactions. For example, if you swap $1000 USDC for 0.5 ETH and then bridge the 0.5 ETH, the prompt's volume is considered as $1000 (or 0.5 ETH) without double counting.
Accurate Fee Application: This ensures users are charged fairly, avoiding overcharges for interconnected transaction sequences.
Fee Dictionary
Here is the fee table, where percentages indicate the fee as a percentage of the transaction volume:
Regular Actions: Actions like 'transfer', 'swap', 'bridge', etc., each have a designated fee.
0.00%: transfer, deposit, withdraw, vote
0.35%: swap, bridge, claim, borrow, lend, repay, stake, unstake, long, short, lock, unlock
Conditional Actions: 'condition', 'time', 'gas' – Fees are only incurred if these actions are executed (e.g., fees for a limit order condition apply only when the order is executed).
0.25%: gas conditions
1.00%: all other conditions
Multi-action Transactions: The numbers '2', '3', '4', '5' represent the quantity of actions combined in a transaction. There is no fee category for a single action ('1'), and any number of actions beyond five falls under the '5' fee category.
Example: A prompt involving three actions will incur the '3' fee. A prompt with eight actions will be charged under the '5' fee category.
2
0.50%
3
0.75%
4
1.00%
5+
1.25%
Fee Accrual and Payment System
Accruing Fees
Method: Fees are accrued to your account rather than being charged immediately.
Summation: These accrued fees are requested to be paid once they far exceed the gas cost of transfer.
Payment of Fees
Currency: Fees are requested in the native (gas) token of the chain with the highest native balance.
Transparency: A scheduled fee transaction is displayed for your approval before any transaction.
Conclusion
Our fee structure is crafted to be transparent, fair, and easy to understand, allowing users to use our product with confidence and clarity. For further inquiries or detailed explanations, our support team is readily available to assist.
Last updated