Fee Structure

XCCY’s trading fees are designed to be simple, predictable, and aligned with actual risk and usage. There are no hidden costs, rebates, or opaque spreads.

0% Protocol Fee

Liquidity Provider (LP) Fee Tiers

Instead of a single fixed fee, XCCY uses customisable LP fee tiers:

• LPs choose a fee tier when providing liquidity

• Lower tiers offer tighter pricing and higher fill rates

• Higher tiers offer wider spreads and higher per-trade compensation

The effective LP fee a trader pays depends on which liquidity tier their trade interacts with.

This structure:

• Encourages deep, competitive liquidity

• Allows professional LPs to actively manage risk

• Reflects real fixed-income market making dynamics

How Fees Affect Pricing

• All quoted fixed rates are net of fees.

• Users see the true effective rate at entry.

• No surprise deductions at exit — all fees are known upfront.

Early Exit Considerations

• If a position is closed before maturity:

  • Accrued protocol and LP fees are settled up to that point

  • Pricing reflects current market rates and remaining term

There are no penalties, only fair market repricing.

Key Takeaways

• Protocol fee: 0%

• Fees accrue continuously, settle at close or maturity

• Quoted rates already include all fees

• Gas costs are paid directly by users