Collect Fees

Integrators can pass in a collectFees object to the SDK or API to collect a fee on each transaction.

Note: Squid takes a 50% fee on any fees collected by an integratorAddress.

Example route request with `collectFees`


const params = {
    fromChain: 5, // Goerli testnet
    fromToken: "0xB4FBF271143F4FBf7B91A5ded31805e42b2208d6", // WETH on Goerli
    fromAmount: "50000000000000000", // 0.05 WETH
    toChain: 43113, // Avalanche Fuji Testnet
    toToken: "0x57f1c63497aee0be305b8852b354cec793da43bb", // aUSDC on Avalanche Fuji Testnet
    fromAddress: "0xAD3A87a43489C44f0a8A33113B2745338ae71A9D", // ethers.signer.address; transaction sender address
    toAddress: "0xAD3A87a43489C44f0a8A33113B2745338ae71A9D", // the recipient of the trade
    slippage: 1.00, // 1.00 = 1% max slippage across the entire route
    enableForecall: true, // instant execution service, defaults to true
    quoteOnly: false // optional, defaults to false, 
    collectFees: { 
        integratorAddress: "0x", 
        fee: 50
    }
};

Property

Description

integratorAddress

The EVM address of the integrator that will receive the fee

fee

The amount in "basis points" for the fee. 50 = 0.05%. there is currently soft limit of 1% fee allowed for each tx.

New objects in route response

feeCosts": [
    {
        "name": "Integrator Fee",
        "description": "Integrator Fee",
        "percentage": "0.9%",
        "token": {
            "chainId": 43113,
            "address": "0x57f1c63497aee0be305b8852b354cec793da43bb",
            "name": "Axelar USDC",
            "symbol": "aUSDC",
            "decimals": 6,
            "logoURI": "https://raw.githubusercontent.com/axelarnetwork/axelar-docs/main/public/images/assets/usdc.svg",
            "coingeckoId": "axlusdc",
            "commonKey": "uausdc"
        },
        "amount": "14190",
        "amountUSD": "0.0142"
    },
]

Fee collection token Fees are collected in the bridge token, most of the time this will be as this is the primary bridging token, if the source or destination token is an token the fee could be taken in that token, to unwrap Axelar token see

The API route response will tell whether it is the source or destination chain that has the fee taken

You can see the "collectFees" object returned by the api in the "params" section of the response. This specific route will take fees on destination.


"params": {
    "collectFees": {
        "integratorAddress": "0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174",
        "fee": 90,
        "feeLocation": "DESTINATION"
    },
    ....
}

Fee logic

Fees are are currently only supported on EVM chains, although fees will eventually be supported on Cosmos chains. The fee is generally taken on the chain where swaps happen. The following table outlines where the fee is taken based on the route.

swaps = some swap to or from a token to the bridge token (eg axlUSDC)

send only = no swaps

Cosmos = not supported

Source

Destination

Fee taken

EVM (with swaps)

Source

EVM (no swaps)

EVM (with swaps)

Destination

EVM (no swaps)

Destination

EVM (with swaps)

EVM (no swaps)

Source

EVM (with swaps)

Cosmos

Source

EVM (no swaps)

Cosmos

None

How to check fee balances

You can check the Squid fee collector smart contracts for the balance of each token for the integrator address. The feeCollector contract addresses are documented in the next section. You can read balances by putting in the "token address" and "integratorAddress" into the getBalance function

Fee Collector contract address

Network

Address

Testnet

0xf80De6D6CF6846Ae7c3243F4b6486EF662C59d29

Mainnet

0x19cd4F3820E7BBed45762a30BFA37dFC6c9C145b

PreviousTransferring the remainder to a user NextFee collector contract addresses

Last updated 9 months ago