Fees
How does Dexible make money? Updated February 2023
The business model is simple—8 basis points fee per parent order, charged sequentially for each child order transaction.
- 8bps means 0.08%.
- ex: for a $10000 order of 8 rounds, that's $8 total, and each transaction costs $1.
Dexible takes its fees from the Approved Vault Fee Token in the swap pair (ex: swapping a long tail moonshot asset for USDC, Dexible will take USDC as the fee token).
Dexible delivers the most value for its traders.
- Traders take home more output than other aggregators. On average, traders incur 30% less slippage, meaning nearly at least 3% improved output than the next closest alternative.
- Other platforms charge higher bps (like MetaMask).
- Other platforms capture the trader's positive slippage (like 1inch).
- Other platforms don't have robust conditional orders (like Kyberswap and Paraswap).
- Dexible has a 95%+ transaction success rate, whereas the industry average is closer to 78%.
Dexible will perform some wizadry to estimate the gas fee for successful strategy execution. The gas fee, computed off-chain, will be expressed in fee-token and native currency units. Because it's computed off-chain, the estimate's accuracy may not align with actual gas fees on-chain. Sometimes it will be higher, sometimes lower.
Notes:
- Pre-October 2022, Dexible charged flat fees at different rates per each chain. Based on community feedback, we shifted to a volume-based fee structure so that smaller portfolios could benefit from Dexible's automation.
- Pre-February 2023, Dexible charged 8bps in the highest liquid token of the swap pair. Likely, this would involve a Stablecoin, a wrapped native token, or any token with the highest liquidity in the swap pair. This shifted to protocol fees expressed in the Approved Vault Token in the pair.
Last modified 1mo ago