Blockchain transactions incur fees that help maintain the respective blockchain’s security and functionality.
Each network uses a default token for fee payments, such as ETH for the Ethereum network and CELO for the Celo network.
Valora clearly displays all fees, so there are no hidden costs. However, fees may fluctuate depending on the network's traffic.
Network Fee
Network fees contribute to transaction security and speed. Valora does not collect these fees; they go directly to the validators supporting the network and the Celo Community Fund.
Cross-chain swaps require transactions on two networks; therefore, an additional network fee for the destination chain is required. The origin chain’s native token is used to pay for this fee.
Swap Fees
A 0.6% swap fee applies when swapping between tokens using Valora’s in-app swap feature. Valora's fee does not apply in the event of a failed transaction, and there is no minimum fee.
Other Fees (third parties)
Third-party decentralized applications (dapps) may impose additional fees. These are not associated with Valora, and users are encouraged to research dapps before interacting with them.
Fees on Celo
The Celo network has the option for dapps and wallets to pay for fees using a Celo native stablecoin, which Valora offers to its users. Valora will prioritize CELO to pay for gas fees. If CELO is unavailable, Valora will use the native Celo token with the highest balance in your account, including:
* USDC and USD₮ are commonly bridged tokens that differ from the USDC and USD₮ tokens that are Celo native stablecoins. Confirm the correct token by verifying its contract address.