Fees
The Syrax fee model.
Fee tiers
The Syrax fee model introduces various tiers for different types of trading. It is designed to accomodate all kinds of traders, that trade all kinds of tokens.
Stablecoin (0%)
Any trade that is stablecoin to stablecoin is free from any Syrax fees, allowing users to e.g. seamlessly swap their USDT for USDC.
Native tokens (0.1%)
Native tokens include but not limited to ETH, SOL, or SUI.
Examples of trades that are charged at this fee tier are:
- SOL -> USDC
- ETH -> SUI
- USDT -> ETH
Regular tokens (0.25%)
For regular or mature tokens, not in any other category on this list. Some examples are:
- Pudgy Penguins (PENGU)
- Magic Eden (ME)
- Bonk (BONK)
Launchpad tokens (0.5%)
A launchpad token is a token that launched via a bonding curve program. Some platforms of which coins start here are:
- Pump.fun
- Bonk.fun
- Believe.app (launchcoin)
SYRAX token (0%)
Stablecoin or native token to Syrax swaps are free from any fees on Syrax.
Examples of trades and their fee rates are:
- SOL -> SYRAX (0%)
- USDC -> SYRAX (0%)
- SYRAX -> USDT (0%)
- PENGU -> SYRAX (0.25%)
- Pump.fun token -> SYRAX (0.5%)
Decreasing fees
The Syrax fee model is designed in a way for regular users to reduce the platform fee they pay overtime and to pay lower than or equal to major DEXs.
Token-based discounts
Users can reduce fees by holding $SYRAX and having the wallet they are holding the token on, linked to the platform. This can be done without private key import, by verifying ownership through signature.
| Tier | Tokens | Discount |
|---|---|---|
| VIP 1 | 150 tokens | 5% discount |
| VIP 2 | 300 tokens | 10% discount |
| VIP 3 | 750 tokens | 15% discount |
| VIP 4 | 1,500 tokens | 20% discount |
| VIP 5 | 3,000 tokens | 25% discount |
| VIP 6 | 7,500 tokens | 35% discount |
| VIP 7 | 15,000 tokens | 40% discount |
| VIP 8 | 25,000 tokens | 50% discount |
Trading rank discounts
Active or long-time users can reduce the fees they pay by meeting the 30-day rolling volume or the lifetime XP criteria.
| Level | Volume or XP | Discount |
|---|---|---|
| 1. Copper | 0 XP | No discount |
| 2. Iron | 15,000 XP | 10% discount |
| 3. Gold | ≥ $150k volume | ≥ 50,000 XP | 15% discount |
| 4. Platinum | ≥ $500k volume | ≥ 100,000 XP | 20% discount |
| 5. Emerald | ≥ $1.5M volume | ≥ 250,000 XP | 25% discount |
| 6. Diamond | ≥ $3M volume | ≥ 750,000 XP | 30% discount |
| 7. Titanium | ≥ $10M volume | ≥ 1,500,000 XP | 35% discount |