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 |