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Fees
Access Paths and Fee Breakdown
There are two (2) pathways for users to access Unizen Trade::
- 1.
- 2.The user accesses Unizen’s trade aggregator through a third party Web3 application that has integrated its services to Unizen via the Unizen Trade SDK.
Direct Access
Unizen doesn't charge any trading fees from its end-users directly. In lieu of trading fees, Unizen makes a determination of the positive or negative slippage that takes place on each trade. For trades where there is positive slippage (as explained below), Unizen retains 50% of the positive slippage and the balance goes to the trader. For trades where there is negative slippage or no slippage, Unizen neither retains anything nor charges any fee to the user.
Transaction Example: a trade of 1 ETH to purchase USDT. If Unizen establishes a predicted purchase of 1,800 USDT for the transaction, and upon executing the trade 1,820 USDT is received, this represents 20 USDT of positive slippage. Unizen would claim 50% of the positive slippage ( 20/2 = 10 USDT), and the user would receive 1810 USDT.
Transaction Example: a user buys exactly 1,800 USDT using ETH. If Unizen establishes a predicted cost of 1 ETH for the transaction, and upon executing the trade the cost is 0.90 ETH, this represents 0.1 ETH of positive slippage. Unizen would claim 50% of the positive slippage (0.1/2 = 0.05 ETH) and the user would actually be charged 0.95 ETH.
It's important to note that positive slippage is never guaranteed and can go both ways. If a trade results in negative slippage Unizen does not retain any fee.
SDK Access
Third parties who integrate to Unizen through the Unizen Trade SDK can choose to charge a fee to their users. The SDK agreement with each third party will stipulate the following:
- 1.If the trading fee is fixed, then Unizen will charge (retain) a fixed portion of that fee. No further fee will be charged by Unizen based on slippage, whether it is positive or negative.
- 2.If the trading fee is dynamic (using positive slippage) then Unizen will retain 50% of any positive slippage that occurs and the third-party can allocate the remaining 50% as they see fit. There is no fee charged by Unizen for negative slippage.