HXRO stakers (with at least 100,000 or more HXRO staked) participating in Hxro Network’s Dexterity protocol can now benefit from discounted transaction fees.
As a liquidity and infrastructure layer supporting on-chain derivatives trading and betting applications, Hxro collects a network fee for all transactions that take place on Hxro-powered dapps.
100% of network fees collected are circulated back to ecosystem participants, including 50% to $HXRO stakers and 25% to the USDC-HXRO LP rewards pool on Raydium protocol.
Before discounts, the following transaction fees are collected by Hxro Network:
The network fee for parimutuel pools, via Hxro’s Parimutuel protocol, is 5%. This fee applies to the winning side of parimutuel pools only.
The baseline fee for derivatives products, via Dexterity protocol, is 0 bps for maker orders and 5 bps for taker orders.
Please note that each Hxro-powered dapp may have a different fee structure additive to Hxro’s base protocol fees. Read dapp-specific documentation for details on additional fees you may be subject to.
Network Staking Incentives Overview
Hxro Network’s new fee discount mechanism applies to users who stake HXRO, esHXRO, or LHXRO. Effective 8/31, stakers will receive discounted network fees for all transactions powered by Hxro’s Dexterity Protocol. Staking incentives for parimutuel products were launched in July. Learn more about Parimutuel fee discounts here.
Fee discounts for derivatives are now viewable on Hxro.Finance, and are calculated as follows: