# Swap Fee Structure

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.

{% hint style="info" %}
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%.
{% endhint %}