💲Trading Fee Discount Program
The standard trading fee on the Perp Exchange will be 0.09% of the trading position size.
To reward our loyal users, we have structured a discount scheme based on your trading volume OR your xALPACA locked in the Governance Vault. The benefit you receive will be the higher of the two.
Trading Discount Tiers
Tier1
Benefits: 5% discount
Requirement:
At least $50k total trading volume in the immediately preceding 4 weeks OR
Holding at least 5,000 xALPACA in the governance vault
Tier2
Benefits: 10% discount
Requirement:
At least $500k total trading volume in the immediately preceding 4 weeks OR
Holding at least 50,000 xALPACA
Tier3
Benefits: 12.5% discount
Requirement:
At least $2.5Mn total trading volume in the immediately preceding 4 weeks OR
Holding at least 250,000 xALPACA
Note:
Your xALPACA balance for Tier determination is based on a weekly snapshot on Thursdays.
The discount do not stack. You will receive a discount only for the highest Tier you qualify for.
Traders pay the full 0.09% fee at the time of the trades. The discounts then become claimable on a weekly basis every Thursday.
If you qualify for any Tier based on trading volume, your benefits will last for 4 weeks regardless of your trading volume in those weeks. See the example below for more details:
Example
Let’s assume Alice has the following trading volume history (and does not hold any xALPACA). Week1: $10,000
Week2: $200,000
Week3: $5,000
Week4: $300,000
Week5: $20,000
Week6: $10,000
Week7: $50,000
Week8: $30,000
Week9: $60,000
Week10: $5,000
In the example above, Alice qualified for a Tier1 discount starting in week3. Then in week5, she began enjoying Tier2 benefits. Her benefits in Tier2 lasted for 4 weeks (week5 - week8) regardless of her trading volume during those weeks. In week 6, her qualification for Tier2 also renewed (for week6 - week9) due to having sufficient trading volume from week2 - week5; In week10, since the immediately preceding 4 weeks’ volume was $150,000 (which is below the Tier2 requirement of $500k but higher than the Tier1 requirement), her benefits fell down to Tier1 for weeks 10-13.
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