☀️Solana Blockchain Fees

Do I need SOL in my wallet?

Absolutely! All interactions with our platform require a little bit of SOL to cover the gas fees on the Solana blockchain.

Transaction Fees

Whenever you make a transaction, there’s a small fee that goes to the validators who help process it. Think of it as tipping your barista for that perfectly brewed coffee! Additionally, there’s an optional "Prioritization Fee" if you want your transaction to zoom to the front of the line.

Account Initiation Fee

When you open a new position in any vault for the first time, you’ll need to deposit a dynamic account rent to Solana. It’s a one-time setup fee to get things rolling:

• Earn Vault: Expect to deposit around 0.004 SOL.

• Leverage Vault: A bit more complex, so it’s about 0.06 SOL.

But here’s the good news—this fee is automatically redeemed when you no longer have a position in the vault. The rent is set for two years, and if you close your position early, the amount will be prorated based on when the rent ends.

Want to dive deeper into the details? Check out the full scoop at Solana Docs.