Fee Structure

There are a few kinds of fees incurred as the swapping process pushes on, and more often than not they include the gas fee, the swap fee charged by XY Protocol, and/or the swap fee charged by aggregators and decentralized exchanges, etc.
Key Takeaways: 
▪ Fee Structure describes how XY Finance charges for our services, laying down policies in advance and making transactions via XY Protocol transparent.
▪ Users are able to roughly estimate the cost of a transaction depending on the level of service desired and the formulae given below as reference.
How fees are incurred in relation to XY Protocol abides by the formulae as follows:
A small portion of fees is taken as a basic commission (XY Fee). Note that one can imagine the f in the formula below as a constant, or a percentage figure by which any transaction amount (trading volume) should multiply, usually determined by XY DAO.
Fee=Amount∗fFee = Amount *fFee=Amount∗f
There are lower and upper bounds in the Fee Structure to ensure that XY Protocol can afford gas fees and will not impose any surcharges upon users. 
You can envisage that the Fee Structure constitutes a range, and the ceiling of the range is called an upper bound (i.e. maxFee), the floor of the range a lower bound (i.e. minFee). 

☝🏻 If the trading volume multiplied by f is less than the minFee, then XY Protocol will still charge the minFee as a basic commission.

☝🏻 If the trading volume multiplied by f is more than the maxFee, then XY Protocol will only charge the maxFee as a basic commission.
{Fee=minFee,Fee<minFeeFee=maxFee,Fee>maxFee\begin{equation}
\left\{
             \begin{array}{lr}
             Fee=minFee, & Fee < minFee\\
             Fee=maxFee, & Fee > maxFee
             \end{array}
\right.
\end{equation}{Fee=minFee,Fee=maxFee,​Fee<minFeeFee>maxFee​​​
f, minFee & maxFee are determined by XYDAO.
X Swap
Target Chain
f
maxFee
minFee
Ethereum
0.035%
2,000 USD
40 USD
BNB Chain
0.035%
2,000 USD
0.9 USD
Polygon
0.035%
2,000 USD
0.9 USD
Fantom
0.035%
2,000 USD
0.9 USD
Cronos
0.035%
2,000 USD
0.9 USD
ThunderCore
0.035%
2,000 USD
0.9 USD
Avalanche
0.035%
2,000 USD
1.9 USD
KCC
0.035%
2,000 USD
0.9 USD
Arbitrum
0.035%
2,000 USD
1.9 USD
Optimism
0.035%
2,000 USD
1.9 USD
Astar
0.035%
2,000 USD
0.9 USD
XY Token Bridge (Wrap XY Tokens to other chains)
Target Chain
XY Fee
Ethereum
15 XY
Binance Smart Chain
-
Polygon
-
Fantom
-
ThunderCore
-

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Last modified 18d ago

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