Qredo charges fees based on the “gas” station concept, called “Qredo Station.”
At its core, the Qredo Station is a Fund. Top up your Qredo Station, and all fees incurred by the account in question will be paid from there.
Although a regular Fund on Qredo can store a wide variety of assets, the Qredo Station only supports:
- Qredo Token (QRDO)
- Tether (USDT)
- USD Coin (USDC)
You can use any of these three to pay for your fees. However, if you choose to pay your fees in QRDO, you get a 15% discount.
There are two ways to top up your Qredo Station:
- Use Qredo’s PowerSwap feature to deposit Qredo Token (QRDO) directly to your Qredo Station
- Transfer or deposit QRDO, USDT, and USDC from a Qredo wallet or an external source
Topping up your Qredo Station doesn’t lock those assets in it. You can always transfer the assets out, according to your preference.
Although you can deposit assets into the Qredo Station externally, the only way to take the assets out of the Qredo Station is to perform a transfer into another Wallet within the Qredo ecosystem. From there, however, you can freely withdraw the assets externally.
When are fees collected?
Under 30-day trading volume in your Qredo Station, you’ll see a “pending” amount. This number represents the fees that you’ve incurred that haven’t been collected. Every 10 minutes, Qredo will perform an automatic “sweep” and collect the pending fees.