💲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.