> For the complete documentation index, see [llms.txt](https://docs.extended.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.extended.exchange/extended-resources/xten/fee-discounts.md).

# Fee Discounts

Marketing communication. XTEN may lose all value, be illiquid or non-transferable. Restrictions apply. See XTEN White Paper, Terms, Risk Statement & Restricted Regions.

**Your League tier gives you a discount on eligible trading fees.**

| League | XTEN staked | Fee discount |
| ------ | ----------- | ------------ |
| Pawn   | 500         | 5%           |
| Knight | 5,000       | 10%          |
| Rook   | 50,000      | 15%          |
| Queen  | 500,000     | 20%          |
| King   | 5,000,000   | 30%          |

#### How it is applied <a href="#how-it-is-applied" id="how-it-is-applied"></a>

From TGE, Extended's trading fees will depend on volume tiers, based on your trailing 30-day volume. The League discount is applied to the fee for your volume tier. For the tier schedule and the fee at every combination of volume tier and League, see [Volume Fee Tiers](/extended-resources/xten/volume-fee-tiers.md).

#### Discount stacking <a href="#discount-stacking" id="discount-stacking"></a>

<figure><img src="https://3693216602-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FThTVaNuyiBCaumOB7kqP%2Fuploads%2FB7HxyJgyUSG0yUlpKhKf%2FFee%20Discount%20Stacking.png?alt=media&amp;token=b059fe0d-e63d-4da2-a0a3-414abba483cc" alt=""><figcaption></figcaption></figure>

Three discounts can reduce your trading fee. They stack multiplicatively: each discount is applied to the fee left after the previous one.

| Discount             | Size      | How to get it                                                                                                                                                                         |
| -------------------- | --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| League discount      | 5% to 30% | Stake XTEN                                                                                                                                                                            |
| Referral discount    | 10%       | Join through a referral link. Applies to your first $25M of volume or 30 days, whichever comes first. See [Referrals and Affiliates](/extended-resources/referrals-and-affiliates.md) |
| Pay-in-XTEN discount | 10%       | Pay eligible trading fees in XTEN. [See below](#pay-fees-in-xten)                                                                                                                     |

A King with all three discounts pays 0.70 × 0.90 × 0.90 = 56.7% of the volume-tier fee, a combined discount of 43.3% once all three discounts are available and applicable.

**Example.** A trader with $5M in 30-day volume is in volume tier 2, so the crypto perps taker fee is 0.0300%. Staked as a Knight and signed up through a referral link:

* 0.0300% × 0.90 (Knight) × 0.90 (referral) = 0.0243%
* On a $100,000 taker fill: $30.00 at the tier fee, $24.30 after discounts
* Once pay-in-XTEN is live, paying the fee in XTEN takes it to 0.0219%, or $21.90

The final fee rate is rounded up to four decimal places.

#### Pay fees in XTEN <a href="#pay-fees-in-xten" id="pay-fees-in-xten"></a>

Trading fees paid in XTEN carry a 10% discount.

Pay-in-XTEN is not available at TGE. The launch will be announced on official Extended channels. Until it launches, all trading fees are charged in USDC.

**How it works**

* The 10% discount applies to eligible trading fees paid in XTEN.
* It stacks multiplicatively with the League discount and the referral discount.
* XTEN paid as trading fees may be burned, in whole or in part. See [Burn and Buybacks](/extended-resources/xten/burn-and-buybacks.md).

*Regulatory Information*

*The offeror of XTEN is Extended Ecosystem Limited, whose contact details are as follows: <legal@extended.exchange> | +1 284 394 4030.*

*The XTEN crypto-asset white paper and information about the offeror are available* [*here*](/extended-resources/xten/issuer-and-white-paper.md)*.*

*This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.*