Fees

Trading

Trading fees on 01 depend on the order type.
Maker orders are orders that are not filled immediately, and add liquidity to the orderbook.
Taker orders are orders that are filled immediately, and remove liquidity from the orderbook.
Trading fees are used to cover the insurance fund, and incentivize liquidity.

Perpetual Futures

Tier
Maker
Serum Taker
01 Taker
1
0.00%
0.03%
0.07%

Power Perpetuals

Tier
Maker
Serum Taker
01 Taker
1
0.00%
0.03%
0.17%
Currently there is only one fee tier. There are plans to implement additional fee tiers as well as discounts.
A GUI referral fee program will also be implemented in the future.

Liquidation

โ€‹Liquidation fees are paid entirely to liquidators. 01 and Serum receives nothing.
The exact liquidation fee depends on the market and or the collateral being liquidated. The specs can be found here and here, respectively.
Liquidation fees are used to incentivize a decentralized network of liquidators, to help secure the 01 network.
To become a liquidator and earn liquidation rewards, you can follow the reference implementation here.

Borrowing

Borrowing incurs an origination fee upon origination of a loan. The specific origination fee depends on the borrowed collateral, and can be found here.
Borrow fees are used to cover the insurance fund, and incentivize liquidity.

Solana Network

01 is built on the Solana blockchain. As such, users need to pay Solana transaction costs when interacting with the blockchain. Fortunately, Solana is the most cost efficient blockchain, with every transaction costing less than 1 cent. This transaction cost is paid in SOL directly from your wallet to the nodes that secure the Solana network.
In addition to transaction costs, to store data on the blockchain, users must pay a rent cost. This one-time deposit is required to store data in a decentralized manner.
Solana network fees are not paid to 01 nor Serum.