Protocol Fee

The protocol fee is an additional charge applied on top of the Liquidity Provider (LP) fee in Bidask Protocol. It is currently set at 0.1% of the transaction amount.

This fee supports the ongoing development, maintenance, and sustainability of the protocol. While liquidity providers earn fees based on their contributions to the pool, the protocol fee ensures that the decentralized exchange can continue to operate efficiently and evolve over time.

The protocol fee is charged along with the LP fee during trades, and together they form the total cost taken from each transaction to reward both liquidity providers and the protocol itself.