Fee types
We charge gas fees and fixed fees.
The gas fee covers the cost for deploying actions on-chain. Some actions on the Exchange will require the user to specify the maximum they are willing to spend on Gas.
The semantics of the gas fee work the same way as transaction fees:
The gas fee is an absolute value and represents the cost required to perform the transaction.
The gas fee covers on-chain actions that our Exchange performs on behalf of the user
This amount may also be paid in whitelisted cryptocurrencies such as USDC / USDT via paymaster
On the LayerAkira DEX, the token the user pays gas with will depend on if the user specifies the spend or receive field:
If the user specifies an amount in the spend field, gas will be paid in the receive currency
If the user specifies an amount in the receive field, gas will be paid in the spend currency
Note: we are currently developing a feature that will allow users to specify which token they wish to pay gas in when they trade over the LayerAkira DEX
This will be calculated as a percentage relative to the order size.
Orders placed passively in the order book will incur a maker fee.
When orders remove liquidity from the order book, they will incur a taker fee. This is distributed between LayerAkira and the Routers.
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