A newly released innovation from BLEX that significantly optimizes implementation fees
Execution fees are often an important part of keeping a contract running correctly, yet high upfront execution fees can be a huge inconvenience for users.
Prepaid execution fee pain points:
✅ High upfront costs and cost pressure
✅ Poor trading experience for users
✅ Inefficient use of funds
To improve the appeal situation, BLEX has introduced a more flexible and reasonable execution fee mechanism.
First of all, BLEX’s execution fees are charged at a smarter time. Instead of being charged when a transaction is submitted, the execution fee is deducted after the transaction is successful. This greatly reduces the upfront cost pressure on users.
Secondly, BLEX uses USDC tokens as the unit of payment for execution fees. The user only needs to pledge a certain amount of USDC in the margin. This approach is more manageable.
Finally, BLEX has a low execution fee rate. We have optimized the execution fee calculation model by setting a reasonable ratio between the real network usage fee and the execution fee charged.
In summary, BLEX’s execution fee reform offers three major benefits to users: lower upfront costs, less pressure on transaction costs, and a better experience. BLEX will continue to optimize and reduce the actual cost for users to achieve the best match between the execution fee and network usage cost.
About BLEX
BLEX is a decentralized perpetual contract exchange based on an exponential feed model, designed to allow users to deploy various trading strategies without permission, at low loss, efficiently and securely, while maintaining control of their personal assets.
