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Market Fee
Gabrielle Zhou edited this page Jul 5, 2019
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1 revision
When order fills, market fee will be calculated based on trading volume and market fee ratio, and be paid to market fee pool.
Market fee ratio is set to asset by issuer. For example,
An order fill between account A and B indicates two-way transmission of asset X and Y. A pays 100X to B and B pays 10Y to A. With zero fee ratio, A will receive 10Y and B will receive 100X. Issuer of X set fee ratio of X to 1%. Issuer of Y set fee ratio of Y to 0.1%.
In this case,
B will receive 99X, and 1X will be deposited to market fee pool of asset X. A will receive 9.99Y, and 0.01Y will be deposited to market fee pool of asset Y. Only issuer can withdraw asset from market fee pool.