Gas Fees
Upon onboarding for the first time on Bluefin v2, all users will receive 0.2 SUI in their Sui Wallet to support transaction fees associated with:
- Depositing and Withdrawing USDC
- Removing/Adding Margin to a Position
- Adjusting Leverage
Note: Users will not be paying gas fees for on-chain trades, this is already subsidized by the Bluefin Foundation.
When trading on Bluefin's Arbitrum deployment, traders pay gas fees in USDC. This is due to the platform's architecture, which involves cryptographically signed orders being off-chain and settled on-chain by the settlement execution engine. As a result, traders need to pay for the gas expended by settlements at the trade execution. Unmatched or canceled orders will not carry any gas costs. However, the expected gas charge for the settlement of each order is deducted from Free Collateral at order creation.
=> Traders will not be charged any fees in ETH when signing the transaction.
Bluefin's on-chain settlement engine pays gas fees in ETH, while the platform charges users an estimate of the gas charges as part of the fees charged when an order is created. This fee is deducted from the USDC balance deposited to Bluefin and flows to the gas fee pool. The USDC accumulated in the gas fee pool is then converted to ETH every two weeks.
To incentivize liquidity provision, maker orders with a notional size exceeding $1000 will not be charged gas fees.
Upon onboarding for the first time on Bluefin v2, all users will receive 0.2 SUI in their Sui Wallet to support transaction fees associated with:
- Depositing and Withdrawing USDC
- Removing/Adding Margin to a Position
- Adjusting Leverage
Note: Users will not be paying gas fees for on-chain trades, this is already subsidized by the Bluefin Foundation.
Last modified 2d ago