π°Trading Costs
MYX strives to maximize LP capital efficiency by achieving relative Long-Short equilibrium. Trading Fee is an integral part of MYX's mechanisms for achieving the goal.
Taker
Takers are traders whose trade worsens Long/Short imbalance.
When open interest is skewed to the long side, traders who open long positions or close short positions are takers.
When open interest is skewed to the short side, traders who open short positions or close long positions are takers.
Taker Fee: 0.06%
Maker
Makers are traders whose trade improves Long/Short imbalance.
When open interest is skewed to the long side, traders who open short positions or close long positions are takers;
When open interest is skewed to the short side, traders who open long positions or close short positions are takers;
Maker Fee: 0.04%
MYX VIP
βAfter the mainnet launch, all users will enjoy Tier3 privileges, with a transaction fee of 0.02% (maker) and 0.04% (taker).
| Tier | MLP Holding | OR | Trading Volume(30D) | Maker | Taker |
|---|---|---|---|---|---|
0 | <100,000 | -- | <10,000,000 | 0.04% | 0.06% |
1 | 100,000 | -- | 10,000,000 | 0.035% | 0.05% |
2 | 500,000 | -- | 20,000,000 | 0.03% | 0.045% |
3 | 1,000,000 | -- | 50,000,000 | 0.02% | 0.04% |
4 | -- | -- | 100,000,000 | 0.02% | 0.03% |
5 | -- | -- | 200,000,000 | 0.015% | 0.025% |
6 | -- | -- | 500,000,000 | 0.015% | 0.02% |
7 | -- | -- | 1,000,000,000 | 0.01% | 0.02% |
Price Deviation Protection
β»All trades are executed using oracle price, no price impact or slippage will be incurred regardless of the size of the trade.
However, the actual entry price of market orders could be different than the price when the order is signed. The oracle price could have changed during the time window between the signature of the transaction and confirmation of the transaction (by the network).
Several reasons could contribute to such execution price differences:
Two-step process design of order execution: For a trade to be executed, an order is first added to the transaction pool. Subsequently, the network's keepers execute the order. This entire process requires two separate block confirmations, which could take seconds or more, depending on the circumstances on different networks.
Network congestion: Transaction confirmations can be delayed due to a congested network. When the cost of gas rises substantially, a trade might be pending longer than desired because of the lower gas limit assigned.
Such differences in execution price can be either favorable or unfavorable for the trader. Traders should note that market orders guarantee execution but not the execution price, whereas limit orders guarantee price but not execution. Traders can set a price deviation protection tolerance tolerance to limit such price deviations. When the price spread moves beyond the set threshold in a direction unfavorable to the user, the corresponding order will be canceled.
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