We believe in transparency and this is why we do not have any hidden fees. Here are the 3 types of fees you might encounter.
1. Multichain trading fees (no fees on Ethereum)
A 0.5% fee is applied to swaps on the networks and side chains we support.
These fees are placed in a “treasury-like” multisig contract (multiple people must approve any transaction). The fees will remain safe and secure until we come up with a way to involve the community in managing Zerion’s future. Here are the multisig addresses:
For Avalanche and Optimism: 0x7d20Ab6D8aF50d87A5E8DeF46e48F4d7dC2Ea5c7
For all other networks: 0x4a183b7ED67B9E14b3f45Abfb2Cf44ed22c29E54
Wallets that hold a Zerion Genesis NFT are exempt from paying these fees for extended periods of time.
We do NOT charge any additional fees for swaps on Ethereum.
Still, you should be aware of two kinds of fees you may incur when placing a trade through our app:
2. Ethereum network fees (gas)
A network fee or "gas" is the cost necessary to perform a transaction on the Ethereum blockchain. This varies by network demand. Zerion lets you select your own gas preferences directly from the app interface.
3. Exchange fees
When your trade is routed through an external decentralized exchange (DEX) or automated market maker (AMM), the cost of your transaction will automatically include whatever fee that DEX or AMM charges.
For example, Uniswap places a flat 0.3% fee on all orders, while Balancer charges a variable rate depending on the liquidity pool.
🔖 Learn more:
⚡️ DeFi Tip:
Use http://ethgas.watch/ to receive push notifications when gas prices drop.