When participating in the Alpaca platform, users are subject to various transaction fees. These fees are essential for the maintenance of the decentralized infrastructure and enable smooth interactions within the ecosystem. Here's an overview of the different types of fees you may encounter:

  • Transaction Fees: Each time you execute a trade or interaction on the platform, a small fee is charged. This helps incentivize validators and maintain the network.
  • Gas Fees: As with any blockchain-based platform, gas fees are necessary for processing transactions. These fees fluctuate depending on network congestion.
  • Platform-Specific Fees: Additional charges may apply when using specific features such as yield farming or staking within the Alpaca protocol.

Note: Fees on the Alpaca platform vary according to the specific action you are taking and the state of the blockchain at the time of the transaction.

Breakdown of Fee Types

Fee Type Purpose Amount (Approx.)
Transaction Fee To facilitate trade and interaction on the platform 0.1% - 0.5%
Gas Fee To cover transaction processing on the blockchain Varies with network load
Platform Fee Specific charges for yield farming or staking services Up to 2%