One fee. Charged once. Shown before you sign.
Loud takes 1% of each swap routed through the app. There is no subscription, no deposit or withdrawal fee, and nothing charged for looking at the board.
What you see before you sign
Every quote shows the rate, the platform fee in dollars, and the minimum received — the floor below which the trade reverts rather than filling at a worse price. Your wallet then shows the gas estimate. Nothing is added after that screen.
Slippage
Slippage is not a fee. It is how much price movement you are willing to accept between building a transaction and it landing on-chain. Set too tight, trades revert and you lose the gas; set too loose, you can fill at a materially worse price.
The default is 3.0%, chosen because swaps here often route through more than one pool and the platform fee is collected as its own on-chain step before the swap. You can change it on Settings, up to a hard cap of 20%.
Where the fee goes
LI.FI collects it and pays it to our treasury wallet, which is published in full on the $LOUD page. 50% is spent buying $LOUD on the open market and burning it; the remaining 50% pays for the scrapers, the RPC and the hosting behind the board.
What we never charge for
- Connecting a wallet, or signing in.
- Viewing the board, any token page, or your portfolio.
- Holding a position. There are no management or idle fees.
- Moving funds in or out — we never hold them, so there is nothing to charge for.