Metronome
  • Metronome Synth
    • Introduction
    • Treasury Management
    • Protocol Owned Liquidity
      • External Liquidity
    • The Metronome Token ($MET)
    • Metronome Synth Protocol
      • Metronome Synth Features
      • Metronome Dashboard
      • Liquidations and Collateral Factors
      • Productive Collateral
      • Supported Assets
      • Synth Marketplace
      • DeFi Ecosystem
      • Metronome Synth Mintage and Deposit Caps
    • Risks
      • Liquidation
      • Black Swan
      • Oracle Disruptions
    • Metronome Revenue Model
    • Metronome Synth Glossary
    • Contracts
  • Smart Farming
    • Introduction
    • How Does it Work?
    • Competitive Advantages
    • Step-by-Step Guide
    • Loopage
    • Auto Repay
    • Risks
    • FAQ
  • Tokenomics
    • esMET
    • Governance
      • Lock MET
        • How to Lock MET
      • Early Unlock
        • How to Unlock MET
    • Trading Fee Discount
  • Contract Overview
    • Liquidation
    • Pool
    • Fees
    • Rewards
  • Metronome 2.0
    • Introduction
    • MET Tokenomics
    • Metronome DAO
      • Voting and Participation
      • Treasury Management
      • Metronome Improvement Proposal (MIP) Template
    • FAQ
    • Glossary
  • resources
    • Official Links
    • Brand Assets
    • Metronome 1.0
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  1. Tokenomics

Trading Fee Discount

PreviousHow to Unlock METNextLiquidation

Last updated 1 year ago

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The is where users can swap synthetic assets inside the Metronome dApp. These swaps have zero slippage and a low trading fee of 0.25%. However, holding esMET qualifies users for a further discount, using a tiered fee structure currently set at:

500 esMET = 0.20% fee (20% discount)

5,000 esMET = 0.15% fee (40% discount)

50,000 esMET = 0.10% fee (60% discount)

500,000 esMET = 0.05% fee (80% discount)

The maximum value of 1 locked $MET is 5 esMET, therefore to reach the highest tier and the best discount rate, users would need to lock up 100,000 $MET for the longest period (2 years).

Example:

If a user locks 100 $MET for the max lockup period, they would receive 500 esMET, netting them a 20% discount on marketplace fees. This would be highly favorable to those power users performing more frequent and larger trades.

Synth Marketplace