🎋Swap Fee Structure

Swap Fees of The NILE System

NILE has a competitive fee structure based on the current market environment, while also maintaining attractive fee revenue for veNILE holders. Default fees:

• Volatile Pair (vAMM) - 0.25% swap fee

• Correlated Pair (cAMM) - 0.01% swap fee

The protocol native pairs (vAMM - NILE/wETH) will be set at a 2% swap fee initially, to provide further incentive for users who wish to vote aligned to the protocol's native liquidity.

Fees are adjustable by the NILE multisig if need be, to ensure the competitiveness and attractiveness for veNILE holders. The average ranges* of each will be around: - Volatile (0.2-2%) - Correlated (0.01%-0.03%) - Native (2%)

*In the event of extreme market volatility, the NILEReserve can hike the fees past the ranges, within reason. The theoretical MIN and MAX for the pair fees is (1<= Fee <= 500bps). This means the minimum fee is 0.01%, and the highest is 5.00%.