This article explains how swap fees work, how your Loyalty Level affects what you pay, and where to review fees before confirming an exchange in the Swap Engine.
How Swap Fees Are Calculated
Every swap includes a percentage-based fee. The exact fee you pay depends on your current Loyalty Tier, which is determined by how much PRN you hold relative to your overall portfolio and mortgage balances.
Your applicable fee is always shown before you confirm a swap.
Swap Fees by Loyalty Tier
The table below shows the standard swap fees for each Loyalty Tier:
| Fee Type | Basic | Silver | Gold | Diamond |
|---|---|---|---|---|
| Swap Fee | 1.49% | 1.00% | 0.50% | 0.25% |
| Pay with PRN* | - | 5% | 10% | 20% |
Why Fees May Change Over Time
Swap fees can change if your Loyalty Tier changes. Loyalty Tiers are dynamic and may adjust automatically if your PRN ratio increases or decreases.
- Holding more PRN can reduce your swap fees
- Changes to your portfolio balance can affect your Loyalty Tier
- Price fluctuations of PRN or your portfolio balance can affect your Loyalty Tier.
Where to See Your Swap Fee
Before completing a swap:
- Select the assets you want to swap.
- Enter the amount.
- Review the estimated fee shown based on your Loyalty Tier.
- Confirm the swap only after reviewing the final quote.