What are the fees for using Automation?

Written by Nikola J.
Updated 1 year ago

There are two types of fees that users should be aware of when it comes to using Automation.

Firstly, there’s a 0.3% service fee that is charged for every automated adjustment based on the transaction size. For example, if there was a 10,000 Dai Auto-Boost, the service would be 0.3% of that amount (30 Dai).

Secondly, there’s the transaction fee that is also charged to the position, for every automated adjustment transaction.

Note: The way transaction fees are charged in the current version of Automation is based on historical averages of gas spending on the specific type of transaction in the specific protocol used.
This means that the transaction fee charge will most likely not be 100% correct, with there sometimes being a higher and sometimes lower charge than what the actual cost was.
This mechanism will be updated to be more precise in the next version of Automation coming Q4 2021.

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