Dynamic Directional Fees

Codex introduces customizable swap fees, adapting to market conditions and the unique specifics of protocols. Our dynamic and directional fee structure empowers users to configure Codex pairs with individual swap fees. Furthermore, each pair can have distinct values depending on the swap direction— whether it's a buy or sell order.

This flexibility allows us to tailor incentives for each pair based on factors such as asset volatility, stability, and the structural needs of protocols. For instance, an established project aiming to reduce friction or a newly launched project seeking stability and a limit on selling pressure can benefit from this versatile fee configuration.

In terms of fee delegation, projects launching on our Automated Market Maker (AMM) have the opportunity to customize swap rates for their Liquidity Providers (LPs). This approach ensures that swap fees align seamlessly with each project's unique strategy.