There are two types of fee schedulers:
  1. Linear
  2. Exponential

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Linear Fee Scheduler Formula

A linear fee scheduler is a fee reduction mechanism that decreases trading fees at a constant rate over time. For Linear [0]:
Ending Fee=Cliff Fee Numerator−(Number Of Periods×Reduction Factor)\text{Ending Fee} = \text{Cliff Fee Numerator} - (\text{Number Of Periods} \times \text{Reduction Factor})
Where:
  • cliff_fee_numerator: The initial fee amount at the start
  • number_of_periods: The number of time periods
  • reduction_factor: The constant amount by which the fee decreases each period (expressed in basis points)

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Exponential Fee Scheduler Formula

An exponential fee scheduler is a fee reduction mechanism that decreases trading fees by a percentage of the current rate over time. For Exponential [1]:
Ending Fee=Cliff Fee Numerator×(1−Reduction Factor10000)Number Of Periods\text{Ending Fee} = \text{Cliff Fee Numerator} \times \left(1 - \frac{\text{Reduction Factor}}{10000}\right)^{\text{Number Of Periods}}
Where:
  • cliff_fee_numerator: The initial fee amount at the start
  • reduction_factor: The reduction factor (expressed in basis points)
  • number_of_periods: The number of time period