Trading Fee Rebates

NFTs for zero-fee trading.

The first category of reward gemstone to be implemented reduces the commission fee (default 0.3%) that traders pay on every swap. There are no limits on the size of the swap to which these NFTs apply.

Initially, this was implemented as a full rebate: Users who hold the gem will not pay any trading fees.

In the future, partial fee rebates may be implemented, with a series of gems that reduce traders' fees by varying amounts. The balance of the fee charged will be distributed in the same proportions as before (83% to LPs, 13% to RUBY stakers, and the rest burned).

For example, if the fee is reduced from 0.30% to 0.21%, LPs will receive 0.175%, stakers 0.028%, and 0.007% will be burned.