💸Fees model
Last updated
Last updated
illumineX imposes a nominal swap fee of 0.5%. From this, 0.25% is allocated to liquidity providers, 0.15% is used to buyback and burn $IX tokens, and the remaining 0.10% is going to the illumineX Fund, ensuring the sustainability and growth of our platform.
For swaps involving multiple chains, illumineX institutes a bridging fee of 0.6% denominated in the source chain's native currency. This measure is in place to uphold resilience against price fluctuations between $ROSE, the source native currency, and the native currencies of the destination chains. This approach safeguards the stability and integrity of transactions across various chains within our ecosystem.
