Transaction Fees:

Transaction Fee Structure:

• Maker Fee: 0.02%
• Taker Fee: 0.20%
  • VIP1: Decreases to 0.18% at $10,000 monthly volume.
  • VIP2: Decreases to 0.16% at $100,000 monthly volume.
  • VIP3: Decreases to 0.14% at $1,000,000 monthly volume.
  • VIP4: Decreases to 0.12% at $10,000,000 monthly volume.
  • VIP5: Decreases to 0.10% at $100,000,000 monthly volume.
  • VIP6: Decreases to 0.08% at $1,000,000,000 monthly volume.

Discounts / Rebates:

• Makers:
  • 200% rebate for paying transaction fees in WTR
  • effective maker fee: -0.02%
  • Applies to all orders $100 or more
• Takers:
  • Can pay up to 25% of fees in WTR
• WTR transaction fee redemption value: $0.70 per WTR
  • Your effective maker rebate is even higher so long as WTR < $0.70!

Reward / Rebate Disbursement & Redemption:

• Rebates are calculated and distributed weekly
• Rebates are given as credits on the platform.
• Credits can be redeemed for USDC at any time.
• Fees & rebates are the same for all platform participants.