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The cost to open/close a position is 0.1% of the position size.
Of all the transaction fees collected by YFX, 20% is used for referral rebates, 40% is given to the fund pool, and 40% will be used for repurchasing and burning YFX tokens.
There are two transactions involved in opening/closing/editing a position:
- 1.The user sends the first transaction to request open/close/deposit collateral/withdraw collateral.
- 2.Keepers observe the blockchain for these requests and then execute them.
The cost of the second transaction is displayed in the confirmation box as the "Execution Fee." This network cost is paid to the blockchain network.
The current execution fee on zkSync is 0.001 ~ 0.003ETH.
There is no fee for buying YLPs. However, there will be a 0.1% handling fee for selling YLPs.