# Order Fees

Holding SAIL gives the user lower protocol fees for placing orders.

This is particularly useful for institutions, who must hold large SAIL balances for optimal fees.

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      |     0.24%    |
|      10      |     0.23%    |
|      100     |     0.21%    |
|     1,000    |     0.17%    |
|    10,000    |     0.08%    |
|    100,000   |     0.05%    |
|   1,000,000  |     0.03%    |
|  10,000,000  |     0.01%    |

{% embed url="https://www.desmos.com/calculator/zmuveaifks" %}
Slide the SAIL balance.
{% endembed %}
