CVEX Docs
WebsiteAffiliate DashboardTestnet
  • Website
  • Trading Terminal
  • Introduction
    • CVEX Overview
    • Component Breakdown and Definitions
    • Use Cases and Applications for Futures and Options
  • Background
    • The State of Cryptocurrency Trading and Problems Faced
    • Perpetual Contracts and Their Limitations
    • Options Trading in Crypto Markets
    • Conclusion
  • Protocol
    • Overview
    • Protocol Owner
    • Platforms
    • Price & Risk Oracles
    • Contracts
    • Order Types
    • Positions
    • Range Orders
    • Matching Engine
    • Collateral Token (USDC)
    • Frontends
    • Clearance Bots
    • CVEX Token
    • Fees & Rewards
  • Margin & Liquidations
    • Overview
    • Futures Mark Price
    • Black Scholes Model
    • Implied Volatility Surface
    • Premium Mark Price
    • Options Hedge Ratio
    • Value-at-Risk Model
    • Risk Parameters
    • Initial & Required Margin
    • Liquidation Protocol
    • Default Fund
    • Deleverage Queue
    • Default Prevention
  • Crypto Valley Exchange Platform
    • Overview
      • Case Studies
    • Contracts
    • Margin Model
    • Fees & Rewards
    • Go To Market Strategy
    • Affiliate Marketing
    • Market Makers
    • Brokers & Structured Product Providers
    • Front End & Builder Incentives
    • Price & Risk Oracles
  • Building on CVEX
    • Development Resource
  • Strategy
    • Security measures & Risk Prevention
    • Future Work
    • Legal & Compliance
    • Team and Advisors
    • Conclusion
  • Disclaimer
  • Credits
Powered by GitBook
On this page
  1. Crypto Valley Exchange Platform

Fees & Rewards

PreviousMargin ModelNextGo To Market Strategy

Last updated 2 months ago

Crypto Valley Exchange implements a structured fee system tailored to various trading activities to sustain operational efficiency.

Preliminary Specifications

The information provided in this section regarding available contracts, margin/risk parameters, and fees on Crypto Valley Exchange represents our current vision and preliminary specifications.

We reserve the right to modify these parameters up to the mainnet release. Any changes will be driven by our commitment to support the best interests of the protocol and its users. We strongly encourage readers to refer to our official communication channels for the latest updates and developments.

Each delivered trade order incurs a fixed operational fee, covering delivery and execution costs. Traders have the choice between signed delivery (authorised by the trader's signature) and trusted delivery (authorised by frontend signature, offering a $0.1 reduction). Traders can also select between instant execution (1-2 seconds latency) and relaxed mode (around 30 seconds latency, offering significant cost reduction). Direct transactions to the smart contract attract only a minimal operational fee, with traders bearing the cost of burned gas.

A set of orders can be submitted in the same batch, such as series of option orders, or modifications to a quote range of options order, significantly reducing the cost of interaction.

In the event of position liquidation, a 2% fee is applied, while settlement incurs a 0.005% fee. CVEX does not charge any fees for deposits and withdrawals, aside from the transactional gas costs.

Makers & takers receive discounts for trading fee based on their tier for staking CVEX Token:

  • I tier: 10% discount;

  • II tier: 12.5% discount;

  • III tier: 15% discount;

  • IV tier: 17.5% discount;

  • V tier: 20% discount.

Frontends and Clearance Bots are fully compensated for all incurred gas costs, supplemented by an additional 10% premium to cover operational expenses. Additionally, Clearance Bots are incentivized for their crucial role in maintaining market integrity: they receive a reward for initiating margin calls and for terminating risky orders.

All fees, rewards, and reimbursements within the Crypto Valley Exchange are transacted in USDC.

Operational fee

instant/signed: $0.30 instant/trusted: $0.20 relaxed/signed: $0.15 relaxed/trusted: $0.05 direct call: $0.02 + gas

Trading fee (takers)

Regular: 0.00300% I tier: 0.00270% II tier: 0.00263% III tier: 0.00255% IV tier: 0.00248% V tier: 0.00240%

Trading fee (makers, -0.001% rebates)

Regular: 0.00200% I tier: 0.00170% II tier: 0.00163% III tier: 0.00155% IV tier: 0.00148% V tier: 0.00140%

Liquidation Fee

2% from net value

Settlement Fee

0.005% from net value

Deposit / Withdraw

0% + gas

Gas Reimbursement

110% from burned gas

Liquidation Reward

0.5% from net value of positions

Default Prevention Reward

0.0014%-0.002% from net value of terminated order