Discounts
Users can stake or hold WAN coins to receive discounts on cross-chain transactions. Discounts function differently depending on the type of network involved in any given cross-chain transaction. In short: the more WAN you have, the greater the discount.
Transactions from EVM networks
For cross-chain transactions from EVM networks (i.e., from Ethereum), if either the sending or the receiving address has at least 10,000 WAN coins on the Wanchain L1 blockchain, you will receive a discount on the Service Fee. The address’ WAN coin balance on the Wanchain L1 blockchain and any WAN coin that it has staked/delegated to a Wanchain Bridge Node are counted. Discounts are tiered as follows:
10,000 WAN
10%
25,000 WAN
25%
50,000 WAN
50%
100,000 WAN
60%
500,000 WAN
70%
1,000,000 WAN
80%
Transactions from non-EVM networks
For cross-chain transactions from non-EVM networks (i.e., from Bitcoin), if the receiving address has at least 10,000 WAN coins on the Wanchain L1 blockchain, you will receive a discount on the Service Fee. The address’ WAN coin balance on the Wanchain L1 blockchain and any WAN coin that it has staked/delegated to a Wanchain Bridge Node are counted. Discounts are tiered as follows:
10,000 WAN
10%
25,000 WAN
25%
50,000 WAN
50%
100,000 WAN
60%
500,000 WAN
70%
1,000,000 WAN
80%
The Fineprint
The discount also applies to the Service Fee’s lower and upper limits. Without the discount, the lower and upper limits are set to $0.2 and $100, respectively. With a 50% discount applied, the lower and upper limits would be $0.1 and $50.
While both an address’ WAN balance on the Wanchain L1 blockchain and any WAN that it has staked/delegated to a Wanchain Bridge Node count towards the discount thresholds, WAN staked in PoS Validator Nodes and WAN bridged to other networks are not included.
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