DeversiFi Unveil New Fee Structure

DeversiFi Unveil New Fee Structure

The exchange platform, DeversiFi have elaborated on their pre-announced fee structure.

This comes following news from last week that the DeversiFi had migrated to a new back-end codebase. With this migration came a selection of new improvements to their service. Most notably, was an improved performance rate on the platform of 10x its previous value. However, it was not limited to this and they also detailed news of a new order management system and an updated fee structure. DeversiFi have now released an in-depth look at how the latter of these new improvements will look like.

The main takeaway is the launch of discounts that culminate reflective of user volume and order size, as well as in the future holdings of their native Nectar token (NEC). While the base fee at DeversiFi will stay at 0.25%, the platform has stated that there will now be discounts of up to 30% available to users reflective of these aforementioned criteria. The upshot of this being is that there is now a possible discount of 70%, meaning fees can now reach as low as 0.08%.

The way these new fees will be applied can be found in the below diagram that the platform has shared:

Traders can begin benefits from discounts from these two first criteria, trading volume and order size, immediately. However, the roll-out of the NEC holdings has not yet been completed as the platform continues to strive towards the deployment of the NEC 2.0 model.

When this happens, we will ensure that you are notified. In the meantime, there is nothing stopping you fuelling your account with NEC in anticipation of its eventual inclusion. These new updates come following the transition from their previous entity, Ethfinex, who the firm re-branded from the in the fourth quarter of 2020.

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