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Swivel v4.0.0
Swivel v4.0.0
  • Litepaper
    • Principal Tokens (PTs)
      • Exiting/Selling PTs
      • Secondary AMM's
    • Yield Tokens (YTs)
      • Exiting/Selling YTs
    • AMM vs. Orderbook
  • Swivel Safety Module (SSM)
    • Staking
    • Withdrawing
  • Swivel Exchange
    • Exchange Functions
      • Simple Fixed Yield Lending
      • Professional Fixed-Yield Lending
      • Purchasing YTs
      • Selling PTs
      • Selling YTs
      • Splitting/Combining Tokens
      • Redeeming Tokens/Interest
    • Maturity
    • Liquidity Incentives
    • Minimums, Rate Limits & Fees
    • Retroactive Distribution
    • How to Claim SWIV Tokens
  • Developers
    • Exchange API
      • GET
        • Get Markets
        • Orderbook
        • Get Order
        • OHCLV (Candles)
        • Get Effective Price (Preview Market Order)
        • Get Order History
        • Get Last Trade Info
      • POST
        • Order
    • Swivel.js
      • API
        • Swivel
        • MarketPlace
        • VaultTracker
    • Swivel.py
      • swivel
        • swivel.abstracts
          • swivel.abstracts.deployed
          • swivel.abstracts.market_place
          • swivel.abstracts.swivel
          • swivel.abstracts.vault_tracker
        • swivel.contracts
          • swivel.contracts.market_place
          • swivel.contracts.swivel
          • swivel.contracts.vault_tracker
        • swivel.vendors
          • swivel.vendors.signer
          • swivel.vendors.w3
    • Scrivel (Python Examples)
    • Contracts Overview
      • Contracts
        • Swivel
        • MarketPlace
        • VaultTracker
        • Creator
    • Ubiquitous Language V4
      • Shared Language
      • UI Language
      • Technical Language
      • Compound Language
      • Finance Terms
  • Community & Media
  • Incentives
  • Other Resources
    • Institutions
      • Rate Profile Optimization
        • Instruments and Participants
        • Market Opportunities and Pricing
        • Counterparty Risk Management
        • Benefits and drawbacks of standardization
        • User Needs
          • Corporate Treasury and Funding
          • Institutional Investors and Asset Managers
          • Speculators and Proprietary Trading Functions
          • Brokers and Market Makers
          • Liquidity Management, Funding and Resource Management
          • Risk Management and Insurance
          • Smaller Institutions and Individuals
      • Swivel for Enterprise
        • Overview
        • How Swivel works
        • Flexible Order Book
        • Future Developments
      • Delegated Credit
        • Challenges of Delegated Credit
          • Credit Pools
          • Intermediating Trust in Credit Delegation
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On this page
  • API Rate Limit
  • Minimums
  • Minimum Order Size
  • Order Threshold Size
  • Fees
  1. Swivel Exchange

Minimums, Rate Limits & Fees

An overview of key exchange parameters, all are subject to change but will be kept up to date here.

API Rate Limit

The Swivel Exchange API has a API limit of 2000 requests per 5 minutes on a rolling basis. If you may need to exceed this limit, contact @JulianT to make a whitelist or feature request.

Rate Limit: 2000 requests / 5 min

We do not currently have a burst limit, which may introduce latency to requests that exceed expected burst rates.

Minimums

Minimum Order Size

In order to reduce the gas costs necessary for takers, and prevent potential DDOS through the submission of extremely small orders, we have implemented a minimum order size in terms of Principal (YTs).

Each order must be placed with at or above this value in principal.

Minimum Order Size: 2500 YTs (for stablecoin markets)

Order Threshold Size

Similarly, in order to ensure orders with small amounts of dust don't fill our orderbook and bloat gas costs, we have also implemented a minimum order threshold in terms of Principal (YTs).

Once an order placed is majority filled, if its remaining Pricipal amount is less than this value, it will be removed from the orderbook.

Order Threshold: 1250 YTs (for stablecoin markets)

Fees

As one of the primary parameters for governance modulation alongside incentives, fees are likely to change over time.

Fees solely apply to takers and currently accrue to the swivel.sol contract. All fees other than YT purchases are paid in USDC, while YT purchases are paid in YTs.

Current Fees:

YT Purchases: .66%

PT Sale (YT Purchase): 1%

Fixed-Rate (YT Sale): .5%

YT Sale: .5%

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Last updated 1 year ago