Cryptocurrency Q&A
What are the fees for OpenOcean swaps?
What are the fees for OpenOcean swaps?
Bianca
Wed Sep 18 2024
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7 answers
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Excuse me, could you please clarify what are the specific fees associated with OpenOcean swaps? Are there any upfront costs or are they based on a percentage of the transaction? Additionally, do these fees vary depending on the type of asset being swapped or the size of the transaction? It would be greatly appreciated if you could provide a detailed breakdown of the fees structure for OpenOcean swaps.
7 answers
Ilaria
Thu Sep 19 2024
This incentivizes liquidity providers to continue contributing to the pools, ensuring a healthy and active market for traders.
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EchoChaser
Thu Sep 19 2024
OpenOcean Liquidity Pools offer a trading fee of 0.2% for all swaps, making it an attractive option for traders seeking cost-effective transactions.
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Caterina
Thu Sep 19 2024
The remaining 0.05% of the fee goes to the treasury, which can be used to fund further development and improvements of the platform.
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SeoulSerenitySeekerPeace
Thu Sep 19 2024
This flat fee structure ensures transparency and predictability for users, allowing them to plan their trades with confidence.
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DondaejiDelightfulCharmingSmile
Thu Sep 19 2024
OpenOcean's focus on fair and equitable fee distribution aligns with the principles of decentralization and community-driven growth.
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