DeFiBeginner
Swap fee
A charge applied by a trading protocol when exchanging assets.
PLAIN-ENGLISH DEFINITION
In more detail
A swap fee is part of the trade's economics and may go to liquidity providers, the protocol or both, depending on the design. It's separate from the network gas fee used to execute the transaction. Comparing swaps means looking at the output after trading costs as well as the wallet's network-fee estimate.
IN THE WILD
How you might use it
The swap quote includes a pool fee, while your wallet separately estimates the ETH needed to send the transaction.
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