The default trading fees on DDEX are:
Maker Fee: 0.1%
Taker Fee: 0.3%
If you are a Hydro Protocol Token (HOT) holder your trading fees will be automatically discounted:
Trading Fee Maker Rebates
Are you a market maker or frequent DDEX trader? You can actually make additional money through trading with our Maker Rebates.
Not only can your trading fee be reduced, but we will rebate up to 50% of all taker fees. This gives fees back to our users who help provide liquidity on DDEX as a monthly reward.
If you are a market maker or high volume trader, please email firstname.lastname@example.org to apply for these maker rebate rewards.
Trading Fee Philosophy
We modified our trading fees to go from 0.2%/0.2% for maker/taker to 0.1%/0.3% maker/taker, resulting in the same overall earnings for DDEX. So why bother?
Our end goal is to provide the best trading experience possible for all of our DDEX users. One of the key parameters that helps provide this is liquidity. This change in fee structure effectively encourages a more populated orderbook with greater depth and lower spreads - resulting in a more positive trading experience for everyone.
If you're a frequent DDEX user or market maker, the HOT discounts and Maker Rebate program combine to form an extremely competitive fee structure.
Any transaction that is processed on the Ethereum blockchain requires a "gas fee". These gas fees go to miners who run software to uphold the Ethereum blockchain.
Gas fees are not a constant value. The cost of transactions fluctuates depending on network traffic.
When do you pay a gas fee?
- Your order is matched and executed on chain
- The gas fee is split between the order maker(s) and taker
- Wrapping ETH / Unwrapping WETH
- Enabling or Disabling a Token
- Transferring a token to a different wallet
When do you not pay a gas fee?
- Placing an order
- No trading or gas fees are charged unless an order is actually matched and tokens are moved on the blockchain
- Cancelling an order
- Doing anything that does not require a blockchain transaction
What do you mean by "maker" and "taker"?
When you place an order at the market price that gets filled immediately, you are considered a taker.
When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker.
When you place an order that gets partially matched immediately, you pay a taker fee for that portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order.
If you place a market order, you are always the taker!
Why provide benefits to order makers?
Many exchanges structure their fees to give order makers a slight benefit over order takers to encourage a healthier trading environment. An order maker adds liquidity to the orderbook, while the order taker removes it.
While both order makers and order takers are extremely valuable, incentivizing order making will naturally yield a more "liquid" orderbook (larger, stronger, better) - this provides a superior trading experience for all of our users. This benefits everyone!