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%
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