Introduction
  • 👋LANDING
    • Welcome to Xena Finance
      • Introduction
      • Value proposition
  • ⚔️About Xena
    • Our Story
    • Roadmap
    • FAQ
    • Get in touch
  • 📊XENA Launch Plan
    • 🟢Phase 1: Xena Liquidity Bootstrapping Event
    • 🟡Phase 2: xXEN Bootstrapping Event
    • 🔴Phase 3: Full Platform Launch
  • 💪Xena Platform
    • Risk Management for Liquidity Providers
    • What is XLP
      • Xena Tranche Pools (upcoming)
        • Zeus Tranche (upcoming)
        • Poseidon Tranche (upcoming)
        • Hades Tranche (upcoming)
    • Earn Yield
    • Protocol Fee Structure
    • Protocol Revenue
    • Fair-Launch
      • XEN Fair-Launch
      • Xena DAO and xXEN (Upcoming)
  • 🪙Xena Tokens
    • Tokenomics
      • XEN Token
      • xXEN Governance Token (Upcoming)
    • Token utilities
  • 👬Xena DAO
    • Xena DAO
    • DAO Proposals
    • DAO Treasury
  • 💰INCENTIVE PROGRAMS
    • Xena Loyalty Program
    • Referral Program
      • Referral Tiers
  • 📚Tutorials
    • What is Base Chain?
    • Setting up a Wallet
    • Connecting a Wallet
    • How to Bridge
    • How to XLP Liquidity
    • How to Trade
    • How to Stake
    • How to Referral link
    • How to DAO
      • XEN Staking (xXEN rewards)
      • xXEN Redemption
  • Disclaimers
    • Platform Risks
  • Security and Contracts
    • Audits
    • Smart Contracts
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  1. Xena Platform

Protocol Fee Structure

Protocol Fee Structure

Here is a complete breakdown of all fees that may be incurred when using the Xena platform:

  • Position fee for perpetual trading: 0.06% of the position size (both for opening and closing positions)

  • Liquidation fee: The fee that occurs during the position liquidation process $5

  • Dynamic borrowing fee (interest rate for leveraged/perpetual trading): Traders pay a borrowing fee every hour. The fee is calculated dynamically based on the asset utilization rate: Borrowing fee (per hour) = (assets borrowed) / (total assets in the pool) * 0.01%

  • Maximum borrowing fee: 0.01% per hour (at 100% utilization)

  • Swap fee: ranges from 0% to 0.85% The base swap fee is 0.25% for non-stablecoin swaps (e.g., USDT>ETH, BTC>BASE)

Please note that Xena incentivizes swapping assets that are underrepresented (in terms of pool weight) by dynamically adjusting the swap fee.

  • LP minting and burning fee (Tranches): 0% to 0.8% The base LP minting and burning fee is set at 0.2% Each asset's fee is dynamically determined to encourage actions that bring the actual weight closer to the target weight. The minting and burning fee decreases whenever adding/removing liquidity would bring the actual weight closer to the target weight, and vice versa.

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Last updated 1 year ago

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