Fees
Last updated
Last updated
The execution of any swap in a DeFi ecosystem generally includes two types of fees.
1. Gas fees (fees paid to miners/validators).
Platform/app fees (fees charged by the platform/app)
Network gas fees are applicable to transactions.
When conducting transactions using Arbitrum and other blockchain networks, it's important to be aware that gas fees may be incurred. Gas fees are essentially network transaction charges that are applied to each transaction executed on the chosen blockchain network. It's worth noting that gas fees are non-refundable.
Users pay gas fees when they execute an onchain transaction to create an Auto Allocation, modify it, deposit or rebalance, and setup or modify auto-deposits. Since confirmation of those transactions is done through Metamask, the gas fees in ETH are shown at time of transaction in the Metamask browser popup to be accepted and confirmed by the user.
Platform fees are only collected on deposits and withdrawals, not when a user creates or modifies their Auto Allocations.
Current fees for beta are 2% on manual deposits, and 5% on auto-deposits.
Fee revenue is to help keep the platform operating and growing. The fee amounts may change at any time, and fee structures and amounts will be governable by community proposal and vote at a later stage.
Users are informed where platform fees apply to transactions in the app when depositing.
Cross-chain swapping into WETH for deposits within Amasa is done using an integration of DeBridge. Fees for swaps are separate to Amasa platform/app fees.