Protocol Fees

HyperDex charges a 10 basis point (0.10%) protocol fee on each settled swap, deducted from amount_out before the taker receives it.

Fee flow

• →Maker quotes amount_out = 109.00 USDC for amount_in = 100.00 EURC
• →Protocol fee = 109.00 × 0.001 = 0.109 USDC
• →Taker receives 108.891 USDC
• →fee_distributor accumulates 0.109 USDC

Fee withdrawal

Accumulated fees are withdrawn by the admin to a treasury address via fee_distributor.withdraw(). This is the only admin-privileged operation in the core protocol flow.