Tokens & Fees
Tokens & Fees
WEMIX.Fi supports various assets on the WEMIX3.0 network. The native coin is WEMIX, which serves as the blockchain's primary currency and is used for all gas fee payments. Bridged assets and other tokens are also available for trading and liquidity provision across the platform.
Key Points
WEMIX (Native Coin): Required for all gas fee payments on WEMIX3.0
Tokens: Other bridged or native assets for trading
Gas Fees: Very low cost ($0.01-0.05 per transaction)
Protocol Fees: 0.01%, 0.05%, 0.25%, or 1% distributed to liquidity providers
Transaction Speed: Fast finality ensures quick confirmation
Understanding Token Types:
Native Coin (WEMIX): The blockchain's primary currency, required for gas fees
Bridged Assets: Tokens transferred from other blockchains to WEMIX3.0
Native Tokens: Tokens originally issued on WEMIX3.0
Understanding the platform's fee structure is essential for managing transactions effectively. There are two types of fees on WEMIX.Fi, and they serve different purposes:
Gas Fees (Network Fees)
Gas fees are paid in WEMIX (native coin) to the WEMIX3.0 network for processing transactions. These fees compensate validators for computing and recording transactions on the blockchain. Every action taken — swapping tokens, adding liquidity, staking, or claiming assets — requires a gas fee paid in WEMIX.
Gas fees on WEMIX3.0 range from $0.01 to 0.05 per transaction. The exact amount varies slightly based on transaction complexity and network congestion.
If insufficient WEMIX:
Transactions will fail with an "Insufficient gas" error
Acquire WEMIX through the Swap page, transfers, exchanges, or supported on-ramps
Maintain sufficient WEMIX balance to avoid transaction failures
Trading Fees
Trading fees are charged when tokens are swapped on WEMIX.Fi. Fee tiers range from 0.01% to 1,00% depending on the pool.
Fee Distribution:
80% distributed to liquidity providers
20% allocated to the protocol
Before confirming any transaction, the platform displays the estimated gas fee in WEMIX. A sufficient balance of WEMIX should always be maintained in the wallet to ensure smooth transaction execution across all services.
Related Documentation:
Learn about token swaps: Swap
Provide liquidity and earn fees: Pool
Participate in liquid staking: Liquid Staking
View your positions: Portfolio
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