Is there a .2 DFI fee on EVERY transaction on

Question

Is there a .2 DFI fee on EVERY transaction on

the Dex on top of the blockchain miniscule fee, or is that just on pool swaps? For instance, If I already have a vault created and I remove my collateral out of it is there a .2 DFI fee on that transaction. Since these fees never seem to show up anywhere, I am at loss to know what the fees are.

#blockchain #cryptocurrency #defichain #english

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09.02.2022

16 ответов

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Gee

0.2% DEX fees.

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09.02.2022

Dennis Washington

Transaction fees on Defichain are < 0.00001 DFI The Dex has a 0.2% commission on trades These are the only inherent fees on Defichain

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09.02.2022

DcShel Shelton Автор вопроса

Dennis Washington
Transaction fees on Defichain are < 0.00001 DFI Th...

So no fees on other transactions other than creating a vault or swapping token? no fees other than "gas" fees on adding collateral or paying back loans or withdrawing collateral?

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09.02.2022

DcShel Shelton Автор вопроса

Bernd Mack
on the defichain is no 0.2 DFI fee.

why did you reply ther is no .2 DFI fee ? I did ask on the DEX, since there is no notice on Wallets that there is such a fee, I want to make sure I understand all the fees.

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09.02.2022

Spencer L

There is no 0.2 DFI fee when swapping or sending transactions. There is only a 0.2% liquidity provider fee when you swap tokens. :)

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09.02.2022

Dennis Washington

DcShel Shelton
So no fees on other transactions other than creati...

All transactions have a transaction fee, that goes to the masternodes for securing the chain, this is < 0.00001 DFI, and any transaction on the Dex also pays a 0.2% commission to the liquidity providers. That is the fee schedule. There are no other fees on Defichain. Secondary providers can charge what ever fees they see fit, such as Cake, with a 0.2 DFI withdraw fee, or CEX's with what ever fees they charge.

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09.02.2022

DcShel Shelton Автор вопроса

Dennis Washington
All transactions have a transaction fee, that goes...

I understand all that. I am asking about all the other non swap transactions, like adding liquidity to a Vault. I know there is a one time vault creation fee, but when you add collateral or remove collateral or borrow a token or pay back a token. Other than the clearly obvious blockchain gas fees that are shown are there any other hidden transaction fees? There is nothing on the Wallet apps that say there are .2 DFI fees on swaps, so I am now wondering what other hidden fees there are

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09.02.2022

Bernd Mack

DcShel Shelton
why did you reply ther is no .2 DFI fee ? I did as...

because there is no .2 DFI fee! there are swap Fees, but this are 0,2% of the token you are swapping. Transaction Fees are much lower. Cake has a withdrawalfee of 0.2DFI, nowhere else is a fixed .2 DFI Fee.

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09.02.2022

Dennis Washington

There are no other fees on Defichain, I never noticed that the commissions were not listed on the light wallet, but I guess I never looked for them, as they are just part of the chain. Just to be clear the swap fee is not .2 DFI, it is 0.2% of the transaction. The 0.2% commission is not a hidden fee, it is clearly outlined in the defichain documentation of fee schedule

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10.02.2022

DcShel Shelton Автор вопроса

Dennis Washington
There are no other fees on Defichain, I never noti...

Ah yeas I remember reading that once about the 2/10's percent swap fee, but totally forgot. But I have had several people try to tell me there is a .2 DFI fee that I never heard about nor notices. That fee is definitely something we could easily show on the estimated fees display before a swap is performed right along with the blockchain transaction/gas fee. Definately something to suggest to the Light Wallet devs.

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10.02.2022

DcShel Shelton Автор вопроса

Bernd Mack
because there is no .2 DFI fee! there are swap Fee...

Sorry I was not clear I am only talking about the DEX, not Cake. Some have been telling me on Redding Defichain channel that there was a .2 DFI fee, maybe they were thinking about Cake's fees.

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10.02.2022

DcShel Shelton Автор вопроса

but this does make me wonder why on the Desktop Wallet it shows a "liquidity provider fee" on transaction I modeled here of only .00886153, much less than the .2 % so called swap fee. This is the same fee or no?

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10.02.2022

Dennis Washington

DcShel Shelton
but this does make me wonder why on the Desktop Wa...

That is .2%, 0.00886153 DFI / 4.43 DFI = roughly 0.2%

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10.02.2022

DcShel Shelton Автор вопроса

Dennis Washington
That is .2%, 0.00886153 DFI / 4.43 DFI = roughly 0...

ah! goofy me. I was stuck on the set .2 DFI in my mind. So this is something that would be nice to show also on the Light Wallet also, correct?

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10.02.2022