# Swap Fees

To maintain the Net Liquidity Ratio > 1 and to incentivize LPs, we have defined the swap fees based on the value of NLR. The swap fees is defined as follows:

$$
Base fees = 0.01%
$$

$$
Swap\ Fees =
\begin{cases}
Base fees & \text{$NLR >= 1$}\\
2 \* Basefees & \text{$0.96 <= NLR < 1$}\\
4 \* Basefees & \text{$NLR < 0.96$}
\end{cases}
$$

Under critical condition (NLR < 1), all the non-LP fees stays in the system.


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