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Every time you make an action on Demex, a tiny network fee needs to be paid to utilize the underlying decentralized network (Carbon). This fee goes to the decentralized network of validators that secure every transaction done on Demex (e.g. placing orders, adding liquidity).
The fees for each action can be found in the link below.
For traders, it is sufficient to note that placing a new order is free, while cancelling or editing an order costs 1 $SWTH (<$0.01). All other trading actions (e.g. adjusting margin) also costs 1 $SWTH.
Demex enables users to pay for network fees in many other tokens apart from $SWTH.
This enables a more streamlined onboarding experience to Demex. Users do not need $SWTH to trade or perform actions on Demex, instead they can use a wide array of tokens such as $ETH, $WTBC, $BNB or stablecoins to pay for network fees.
The full list of tokens and their conversion rates (to 1 $SWTH) can be found here:
You can choose which token you prefer Demex to use for network fees via a priority system. Tokens at the start of the list will be used first, until there is insufficient available balance, before moving on to the next.
Step 1: To set your preferred fee token, locate the 'Fee Settings' button in the topbar of the Demex interface.
Step 2: Click on the "Select Priority" button located within the pop-up window.
Step 3: Check tokens you wish to use as network fees, and uncheck those that you do not wish to use as network fees. Reorder the tokens based on the priority Demex should use to pay network fees (top of the list is used first).
Note that $SWTH must always be a fallback choice for network fees and cannot be unselected.
Step 4: Once you have selected and arranged the priority of tokens for paying network fees, click on the 'Save' button.
That's it! Demex will abide by the network fee priority you have set, and use the token with the highest ranking as network fee so long as sufficient balance is available.
Demex allows you to reserve some $SWTH to be used as fees. This means that even when clicking on the 100% button on trading, lending, staking, or liquidity pool inputs, your full balance of $SWTH will not be used.
For example, placing a 100% sell order on the SWTH/USD market will deduct this reserved amount from your available balance before filling it into the quantity input field.
Additionally, Demex has an alert system when your fee balance is low, so that your trading activity is never abruptly halted due to insufficient network fees.
To set your reserve fee and alerts, follow the steps outlined below: Step 1: Select the 'Settings' button within the 'Reserved Fee & Alert' section under 'Fee Settings'.
Step 2: Enter your preferred amount to be reserved for network fees, as well as when you should be alerted should your $SWTH balance fall below the specified amount (in USD).
Step 3: Click on the 'Confirm' button.
That's it! Should you exhaust your network fees, you can replenish your preferred token by opening the 'Fee Settings' window.