Fees

Fees Breakdown by Function

Buyers are subject to Ethereum transaction fee (gas) and 0x protocol fee. Sellers are subject to only Ethereum transaction fee (gas).

Honeylemon Alpha does not charge any fees at the moment.

While actual costs of the protocol function varies case by case, we provide the following table for guidance.

Function	Typical Cost	Notes
DSProxy Deploy	654,000 * Gas Price	Optional for both Buyers and Sellers. One-time cost per address.
Payment Token (USDT) Approval	44,456 * Gas Price	Applies to Buyers. One-time cost per address.
Collateral Token (wBTC) Approval	44,468 * Gas Price	Applies to Sellers. One-time cost per address.
Cancel Offer	67,793 * Gas Price	Applies to Sellers.
Buy Contract	365,036 * Gas Price + 70,000 * number of 0x orders filled	Applies to Buyers.
Redeem (Batch)	88,881 * Gas Price + 61,552 * number of contracts in a batch	Applies to both Buyers and Seller.

Fee Estimates for Buyers and Sellers

Assumptions

• ETH Price: $ 250.00

• Gas Price: 30 Gwei

• Average Number of Orders per Fill

  • Buyers Only: 1.5 Orders per Fill

• Average Number of Contracts per Batch Redemption:

  • Buyers: 2 Contracts per Batch

  • Sellers: 5 Contracts per Batch

Buyers without Honeylemon Vault (No DSProxy Deployed)

Fees	Cost (ETH)	Cost (US$)	Cost %	Frequency
Payment Token USDT Approval	Ξ0.0013	$0.33	6%	One-time cost per address.
Buy Contract	Ξ0.0141	$3.53	66%	One-time cost per transaction.
Redeem Positions	Ξ0.0060	$1.51	28%	One-time cost per transaction.
Buyer's Total Fees	Ξ0.0215	$5.37	100%

Power Buyers with DSProxy Deployed (Honeylemon Vault)

If a buyer places a large order, multiple orders or use Honeylemon services more than once, create a Honeylemon Vault will deploy a DSProxy contract for the connected wallet, which reduces future gas fee and streamline the redemption user experience. DSProxy contract holds position tokens on behalf of the user. Deploying DSProxy is an optional one-time operation.

Fees	Cost (ETH)	Cost (US$)	Cost %	Frequency
DSProxy Deployment	Ξ0.0196	$4.91	47%	One-time cost per address (optional).
Payment Token USDT Approval	Ξ0.0013	$0.33	3%	One-time cost per address.
Buy Contract	Ξ0.0141	$3.53	34%	One-time cost per transaction.
Batch Redeem Positions	Ξ0.0064	$1.59	15%	One-time cost per transaction.
Buyer's Total Fees	Ξ0.0414	$10.35	100%

Seller without Honeylemon Vault (No DSProxy Deployed)

Fees	Cost (ETH)	Cost (US$)	Cost %	Frequency
Collateral Token wBTC Approval	Ξ0.0013	$0.33	6%	One-time cost per address.
Create Offer	Free	Free	0%	No cost to offer.
Cancel Offer	Ξ0.0020	$0.51	22%	One-time per cancellation (optional).
Redeem Positions	Ξ0.0060	$1.51	64%	One-time cost per transaction.
Seller's Total Fees	Ξ0.0094	$2.35	100%

Power Seller with DSProxy Deployed (Honeylemon Vault)

If a seller places a large offer, multiple orders or use Honeylemon services more than once, create a Honeylemon Vault will deploy a DSProxy contract for the connected wallet, which reduces future gas fee and streamline the redemption user experience. DSProxy contract holds position tokens on behalf of the user. Deploying DSProxy is an optional one-time operation.

Fees	Cost (ETH)	Cost (US$)	Cost %	Frequency
DSProxy Deployment	Ξ0.0196	$4.91	56%	One-time cost per address (optional).
Payment Token USDT Approval	Ξ0.0013	$0.33	4%	One-time cost per address.
Create Offer	Free	Free	0%	No cost to offer.
Cancel Offer	Ξ0.0020	$0.51	6%	One-time per cancellation (optional).
Batch Redeem Positions	Ξ0.0119	$2.97	34%	One-time cost per transaction.
Buyer's Total Fees	Ξ0.0349	$8.72	100%