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    Osmosis: Fee Currency Overview & Possible Additions

    On Osmosis you can pay tx fees not only in $OSMO but also in a set of whitelisted fee assets. Those are swapped to OSMO under the hood to pay for the fee later on. In this dashboard you will find an overview about how those assets are used as well as which assets might be good additions to the whitelist.

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    Transaction Fees on Osmosis

    As typical on blockchains there is a fee associated to every transaction posted on Osmosis. As of now it is still possible to post transactions for free, but this is neither the default value, nor something that is supposed to stick around going forward. In order to simplify fee payments for users Osmosis uses its dex infrastructure to allow payment of fees in other whitelisted currencies.

    How does it work under the hood?

    When a transaction with a fee other than OSMO is mined those tokens are sent to a module specifically made for that purpose. Every day on epoch all the funds in that module are swapped to OSMO and transferred to the normal fee collector module & processed just like other tx fees from here.
    -> Module documentation & source code

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    Share of Usage & Fee Volume

    -> Just around ~1000$ of fees have been paid in whitelisted assets
    -> Makes up for ~1% of tx from 09/22 to 02/23, ~10% starting 02/23, mostly due to BOOT

    Tendency to pay 0 fee

    Whenever a user has no $OSMO but another whitelisted asset the wallet will by default try to use that other asset as fee. The user is still able to set the fee to 0 from here but it will still how up as zero amount of the Non-Osmo fee asset.

    • -> Users seem to generally not prefer to pay with other assets over OSMO
      • OSMO is amongst the assets that have the smallest fraction of zero-fee tx, as well as the highest share of users paying non-zero 50%+ of the time
      • Only assets that is preferred over OSMO is ATOM as it's in the lead in both metrics
      • This is likely caused by ATOM being a common ramp-on asset for users getting into IBC
    • -> BOOT is an outlier due to a small amount of wallets submitting lots of tx with non-zero BOOT fee

    Usage from new wallets (first transaction)

    Note

    This only includes wallets that did not choose to pay 0 fee for their first transaction

    • -> Across new transactions the usage of fee assets is higher than across all transactions, yet it is still very low
    • -> The increase caused by BOOT above is not visible here
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