Fees
Overview
Concero cross-chain infrastructure is designed to be as cost-effective as possible. The fees are split into three categories:
Fees Breakdown
| Fee Type | Percentage | Charged |
|---|---|---|
| Concero Fee | 0.1% | Always |
| Liquidity Provider Fee | 0.1% | Only for cross-chain transactions |
| Integrator Fee | 0.1% | For third-party integrations |
- Concero Fee: This is a standard fee charged by Concero for using its cross-chain infrastructure.
- Liquidity Provider Fee: This fee is charged by the liquidity providers and is only applicable for cross-chain transactions.
- Integrator Fee: This fee is applicable for third-party integrations and is charged by the integrators for their services.
Gas Abstraction
Gas abstraction in Concero's cross-chain infrastructure ensures that users do not have to worry about gas costs on the destination chain. Instead, a portion of the source token is used to cover all gas costs, apart from the ones required to initiate the transaction on the source chain. All other costs incurred by the system are automatically deducted from the source token, simplifying the process and making it more user-friendly.