Protocol Fees

The Flash Leverage application by itself does not charge any fees. However, there are other fees involved that are imposed by the underlying protocols.

• Flash Loan Fee (CHFRY)

  The leverage trading transactions involve borrowing flash loans as the underlying infrastructure. We utilize CHFRY's flash loan pools for that and charge 0.06% flash loan service fee of the borrowed amount. CHFRY offers the lowest service fees on flash loans, which are 30% cheaper in comparison to other protocols. The flash-loan amount that needs to be borrowed is determined by our application and calculated in such a way that the flash-loan amount borrowed is minimized.

• Swap Fees (Uniswap) The application utilizes Uniswap for all swapping operations. Uniswap charges 0.3% of the base amount for each transaction.

• Borrowing Interest Rate (AAVE)

  The opening and closing operations require a user to deposit an asset as collateral on AAVE and borrow another asset against it. The borrowed assets accumulate interest that needs to be repaid over time. The interest rate is determined and charged by AAVE (roughly between 3% and 4%). While the interest is charged on the borrowed assets, the deposited collateral is earning interest (rewards) that can be collected overtime.

• Gas Fees

  All transactions require users to pay gas fees to the network. The fee amount is variable and dependent on the network congestion at the given time.