Buy/Sell

Similar to 'Transfer', there would be a base fee rate of 0.2% per sell initiated.

Fee Scenarios

Assuming 1 USDC is equal to 1 Tessera token or vice versa for this 'Buy/Sell' example below. We will use $T ticker to represent Tessera tokens.

Scenario 1: Small Buy/Sell (From USDC -> Tessera tokens)

Amount: 100 USDC
Fee Rate: 0.0%
Actual Fee: 0 $T
Recipient: 100 $T

Scenario 2: Small Buy/Sell (From Tessera tokens to USDC)

Amount: 100 $T
Fee Rate: 0.2%
Actual Fee: 0.2 $T
Recipient: 98 USDC

Scenario 3: Large Buy/Sell

Amount: 1,000,000 $T (~1,000,000 USDC)
Fee Rate: 0.2%
Calculated Fee: 2,000 $T
Recipient: 998,000 USDC

Additional FAQs:

When trading, do I pay fees if I buy or sell?

You only pay fees if you are swapping Tessera tokens to other assets. If you are buying from USDC to any Tessera PE tokens, there won't be any fees applied.

How can I check the rate before the trade?

Most Solana wallets show the fee breakdown before you confirm:

┌─────────────────────────────────┐
│      Buy/Sell Preview           │
├─────────────────────────────────┤
│ From :       100 USDC (0.0%)    │
│ To    :      100 $T (0.0%)      │
│ You Get:      100 $T            │
├─────────────────────────────────┤
│ [Cancel]          [Confirm]     │
└─────────────────────────────────┘

What if I don't have enough tokens for the fee?

The transaction will fail.

Make sure you have enough tokens to cover both the amount you want to send and the fee.