Order Fees and Market Making
Last updated
Last updated
Holding SAIL gives the user lower protocol fees for placing orders.
This is particularly useful for market making bots, who need to hold large SAIL balances to market make effectively and beat other bots.
SAIL balance will be automatically counted across all traditional wallets and smart contract wallets controlled by the user. To achieve this, a user indicates what wallets they control. Their associated smart contract wallets (aka. SAFE) will be detected automatically.
The current fee formula is summarized by the following table and graph.
| SAIL Balance | Protocol Fee |
|---|---|
1
0.40%
10
0.39%
100
0.36%
1,000
0.28%
10,000
0.13%
100,000
0.09%
1,000,000
0.05%
10,000,000
0.01%