$HXRO stakers participating in Hxro Network’s Parimutuel 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:
Effective 7/27, the network fee for parimutuel pools will increase from 3% to 5%. This fee increase applies to parimutuel pools only and does not affect any network fee for derivatives products.
The baseline fee for derivatives products, via Dexterity protocol, is 0% for maker orders and 5bps 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 7/27, stakers will receive discounted network fees for all transactions powered by Hxro’s Parimutuel Protocol. Staking incentives for derivatives products will be launched in the coming weeks.
Fee discounts for Parimutuels are viewable on Hxro.Finance, and are calculated as follows: