Fee Delegation
Delegate your SWTH Fee Tier to another account without transferring your SWTH easily.
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Delegate your SWTH Fee Tier to another account without transferring your SWTH easily.
Last updated
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Fee Delegation is a novel feature introduced on Demex, designed to optimize for users with varying holdings of SWTH tokens. This feature allows users with higher discount tiers to delegate their fee discounts to users with lower tiers.
Roles in Fee Delegation
Delegator (the Owner): Someone who typically holds a significant amount of SWTH tokens and thus falls into a higher discount tier (such as 'Whale'), entitling them to substantial .
Delegate (the Delegate): Someone who typically holds little to no SWTH tokens and is thus receiving minimal or no fee discounts.
Initiating Delegation
Either party can initiate a delegation
A (the Owner) sends a delegation request to B.
B (the Delegate) can also request A to delegate to him.
The receiving party must accept the delegation request to activate the process.
Tier Change
Upon successful delegation, A’s tier drops to the lowest tier while B changes to A's Tier
Updated Trading Fee Discounts
After delegation, both A and B will have their trading fee discounts updated to their new tiers.
For Owners: Allows the utilization of their high-tier benefits, potentially in exchange for other compensations/services from the delegate.
For Delegate: Enables users with lower SWTH holdings to enjoy higher-tier fee discounts, enhancing their trading experience on Demex.
Fee Delegation supports Demex's vision of an inclusive, flexible trading environment. It encourages holding SWTH tokens and enables beneficial collaboration across trader tiers.