Fees

Fees are implemented as partner contracts. A partner contract is created by calling the function registerPartner(address partnerBeneficiary, uint256 partnerPercentage) on the PartnerRegistry (currently on mainnet at 0x02e2795f544f61af8897199335f4d8d149be4a38) where:

  • partnerBeneficiary is the address you want to receive the fees at

  • partnerPercentage is the percentage fee you want to take. partnerPercentage is out of 10^18 (i.e., 10% is 10^17 and 0.1% is 10^15 )

When registerPartner is called, the registry will emit a PartnerRegistered(address partnerContract) event (where partnerContract is the address of the contract you've created).

When you want to accrue fees, you will include partnerContract in your API request to the /swap or /pay endpoints:

{
"apiKey": "",
"partnerContract": "",
"address": "0x5...7eF",
"config": {
"exchanges": {
"list": [],
"type": ""
},
"transactions": bool,
"fillNonce": bool,
"skipBalanceChecks": bool
},
"swap": {
"sourceAsset": "",
"destinationAsset": "",
"sourceAmount": int, // send either sourceAmount OR destinationAmount, not both
"minFillPercent": int,
"maxMarketSlippagePercent": int,
"maxExecutionSlippagePercent": int,
"destinationAmount": int,
"isOptional": bool
}
}

The encoded payload that is returned will include your partner contract. When the transaction is executed, the fee (in any ERC20/ETH) will be sent to your partner contract.

To collect your fees, someone must call the payout() function on your partner contract. Anybody can call this, and it will payout the appropriate fees to the partnerBeneficiary and to Totle.

The API has a default partner contract with a partnerPercentage of 0 and a totlePercentage of 0.25% (which is used when one is not passed to the API). The fee calculations would then be as follows:

  • For direct token pairs where the sourceAsset is swapped for the destinationAsset (and not through any base pairs), the fee will be taken from the destinationAsset.

  • For orders where the sourceAsset is swapped for a base asset, then the base asset is swapped for the destinationAsset, the fee will be calculated from the base asset.

Do these fees not work for your business? Get in contact with us and we'll happily create a custom contract to meet your goals. Email: partners@totle.com‚Äč