Does Nuo.Network charge any fee for lending and borrowing?

Last Updated: June 15, 2020

Currently, Nuo Network doesn’t charge any fees for placing reserves and loans. But in order to cover the relaying gas fees incurred due to meta-transactions every trade and swap is associated with 0.6% and 0.3% transaction cost respectively.

Transaction cost may vary depending on the gas price which is subjected to congestion on the Ethereum network.

min_fees : 0.012 ETH * fee_multiplier
max_fees : 0.1 ETH * fee_multiplier

fee_multiplier = current_gas_price_in_gwei / 10 gwei

Let's say if gas_price = 10 gwei: fee_multiplier = 1,  gas_price = 30 gwei: fee_multiplier = 3

So, fee_percentage for trade = 0.6% of trade amount value * fee_multiplier and fee_percentage for exchange = 0.3% of exchange amount value * fee_multiplier

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