Hop Docs
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User Docs
User Docs
  • Welcome
  • Basics
    • A Short Explainer
    • What is special about Hop?
    • How to bridge with Hop
    • How long does a transfer take?
    • Fees
    • Providing Liquidity & Rewards
    • Transfer failures
    • Manual Withdrawals
    • USDC.e Manual Withdrawals
    • FAQ
      • How to manually withdraw your tokens on the destination chain?
      • How to use Hop with a Gnosis Safe?
      • My funds are stuck on a Layer-2 network because I can't pay the gas needed for transactions
      • Can I access Hop Protocol through other interfaces than Hop.Exchange?
      • Why can I not access Hop.exchange?
      • Hop labels my transaction as completed but I can't "see" my tokens in Metamask
      • Do I need to pay transaction costs on the destination chain before I receive my tokens?
      • What are the fees for transfering tokens with Hop?
      • What is Hop Protocol?
      • How safe is Hop?
      • How long does a Hop transfer take?
      • I sent a token but it's not arriving at the destination
      • How do $OP on-boarding rewards work?
      • What do I need in order to provide liquidity on Hop?
      • Do I need to add Hop tokens and native tokens in equal weights?
      • How does a Hop token hold its peg with its native counterpart (e.g 1hUSDC = USDC)?
      • How do I get Hop tokens (hTokens)?
      • Can I buy hTokens on L2?
      • Why does my LP token balance show less than I deposited?
      • How does a rogue chain affect my LP position on another chain?
      • Who can become a Bonder?
      • What is a "Transfer bond"?
      • What is a "Transfer root"?
      • What does “The Bonder” do?
      • What happens if The Bonder bonds fraudulent transactions?
  • Governance
    • Into to Hop DAO
    • How to Vote
    • Becoming a Delegate
    • Liquidity mining
    • Token Distribution
    • Protocol Fees & Public Good Funding
    • Roadmap
    • Important Links
  • Stats
    • Links to Stats Dashboards
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  1. Basics
  2. FAQ

What are the fees for transfering tokens with Hop?

Last updated 24 days ago

There is no simple answer for this question as the overall cost of your transfer will depend on various factors. 1. AMM swap fees (0.04%) When you transfer e.g USDC from Optimism to Arbitrum your USDC will be converted into hUSDC in the USDC AMM on Optimism costing a 0.04% fee. Then this hUSDC will be burned and a Bonder will bond your transfer by locking his collateral and mint you some new hUSDC on Arbitrum. This hUSDC will now be converted in the Arbitrum USDC AMM for canonical USDC costing another 0.04%. L2 <> L2 -> 0.08% swap fees (because two swaps) L2 -> L1 -> 0.04% (because only one swap) 2. Slippage (?%) Depending on the liquidity in the AMM's the rate for conversions between hTokens and canonical tokens can fluctuate and eat into the cost of your transfer. With more liquidity in the Hop protocol and actors arbitraging the pools this should become less and less of a problem. 3. Bonder fee (0.06-0.25%) The Bonder takes a fee for fronting the liquidity of your transfer at the destination chain and taking on risk. The fee varies per asset and per route based on the transaction volume and other factors due to economies of scale. If there is a lot of demand for an asset, Bonder fees can be lowered while still breaking even. 4. Destination chain tx fee (gas fees) The funds need to be sent from the Bonder to your wallet and users need to pay for this gas cost. This gas cost is factored into the fee the user pays on the origin chain and displayed before sending. 5. Minimum fee ($1) To prevent spamming there is a minimum fee of $1 per Hop transfer. I.e if the total fee paid by the user is < $1 it will be rounded up to $1. * Overview of Bonder fees