💡 Did you know all fees help to improve the experience on SODAX? Platform fees are collected and reinvested in the growth of SODAX, with: 50% used to grow Protocol-Owned Liquidity reserves, 20% used to programmatically buy back and burn SODA tokens, 20% used to reward SODA stakers, and 10% funding the SODAX DAO.
At SODAX, fees are kept transparent and predictable. We ensure every cost associated with cross-network DeFi (also searched as "cross-chain DeFi") is clear before you transact.
What are Fees?
On SODAX and across the Decentralized Finance (DeFi) space, fees represent the cost of coordinating cross-network liquidity and executing transactions across different environments. They cover the computational work of the Solver, network gas costs, and the maintenance of our unified liquidity.
When do you pay fees to SODAX?
You encounter fees when creating a transaction on SODAX or a partner application, for instance:
When Swapping: Fees are calculated and surfaced during a cross-network swap.
When Taking a Loan: Originating fees for the loan will be applied.
How much are these fees?
To maintain a sustainable solver network, SODAX utilizes a straightforward fee structure of 0.2%:
Solver Fee: 0.1% is paid as a fee for the Solver, coordinating execution and liquidity.
Application Fee: 0.1% is allocated to the front-end application or partner site for providing the user interface.
Where can I see these fees?
When you review your transaction (see step 6 in “How do I swap assets on SODAX Swap?” for example), you will see a drop down menu. In that menu, you can inspect the fees included in your transaction and decide if you wish to proceed with the transaction.
Need Help?
If you have any further questions about fees, a new wallet for us to support, or need assistance; visit our Support Center for more articles and resources, or contact our support team via the button in the bottom right.