Swap fees explained

This page explains the fees associated with swapping through the VESPR in-app swap feature, as well as an example and comparison with the competitors.

What fees are associated with swapping via VESPR's in-app swaps?

When you perform a swap using VESPR's in-app swaps, several charges apply:

1. Network Fees: A small fee charged by the Cardano blockchain to process the transaction containing the swap order. This typically amounts to around 0.5 ADA or less.

2. DEX Batcher Fees: Each DEX charges a fee for processing the swap. This fee varies slightly for each DEX, but it typically ranges between 1.25 ADA and 2.5 ADA.

3. DEX Deposits: A 2 ADA deposit is charged by each DEX the swap is routed to. This deposit is returned to the user once the order is filled.

4. Service Fee: VESPR charges a nominal fee for using the in-app swap feature to support development and find the best route for your swap.

   • For orders ≤ 200 ADA, the service fee is 1 ADA.

   • For orders > 200 ADA, the service fee is 0.5% of the order size.

Important Note: A swap will only be routed to multiple DEXs if the total order (including fees) is more favorable compared to using a single DEX.

Additionally, the Total Fees and Total Deposits are always displayed upfront in the review screen. Clicking on them will open a detailed breakdown screen for your convenience.

When are those fees applicable

The fees breakdown as explained in the section apply only when using the SWAPS feature offered directly through the Swaps page inside the VESPR wallet. VESPR does not charge any fees when the user swaps directly through the website of the DEX or DEX Aggregator, using the in-app browser.

Fee Calculation - Example

A user swaps 300 ADA into a Cardano token, and the order is routed to 2 DEXs:

• Batcher Fees: 2 ADA per DEX × 2 = 4 ADA

• Deposit: 2 ADA per DEX × 2 = 4 ADA (returned after order is filled)

• Service Fee: 0.5% of 300 ADA = 1.5 ADA

• Network Fee: 0.5 ADA

Total Sent: 300 ADA + 4 ADA (batcher fees) + 4 ADA (deposit) + 1.5 ADA (service fee) + 0.5 ADA (network fee) = 310 ADA

Total Cost: After the 4 ADA deposit is returned, the effective swap cost is 306 ADA, with 6 ADA paid in fees.

Service Fee Comparison

Wallet	Ecosystem	Service Fee	Service Fee Example - 500 ADA order	Service Fee Example - 10,000 ADA order
VESPR	Cardano	0.5% of order size, min 1 ADA	2.5 ADA	50 ADA
Eternl	Cardano	0.5% of order size, min 1 ADA	2.5 ADA	50 ADA
Begin	Cardano	0.5% of order size, min 1 ADA	2.5 ADA	50 ADA
Tokeo	Cardano	0.5% of order size, min 1 ADA	2.5 ADA	50 ADA
MetaMask	EVM	0.875% of order size	4.38 ADA	87.5 ADA
Phantom	SOL + EVM	0.85% of order size	4.25 ADA	85 ADA

Table data was gathered and checked to be accurate on December 9th, 2024.

Note: Within the Cardano ecosystem, all wallets charge the same service fee structure (1 ADA for orders ≤ 200 ADA, 0.5% for orders > 200 ADA). The network, batcher, and liquidity provider fees are outside of the wallet's control and remain the same across all wallets.

When are these fees applicable?

The fees outlined above apply only when using the Swaps feature offered directly through the Swaps page inside the VESPR wallet. These charges ensure the best user experience and optimized routing for swaps processed in-app.

When swapping directly through the website of a DEX or DEX Aggregator using the in-app browser, VESPR does not charge any fees. However, it is important to note that VESPR makes no guarantees or representations regarding the outcome of swaps conducted outside the in-app Swaps feature.

Additional Notes

• All fees are presented upfront by VESPR before you finalize the swap, ensuring complete transparency.

• Fees are deducted from the wallet balance along with the swapped amount.