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Our exchange fees go towards both buying back and burning SOUL and adding to permanent liquidity of the SOUL-NATIVE pair, in order to establish deeper liquidity on each of our blockchains.
For every swap on our exchange, a 0.05% fee is collected to buy BACK & BURN SOUL. Buybacks occur throughout the week and the total amount of burnt SOUL is shared via Twitter, including a link to the burn transaction. On the Fantom Opera Network: SOUL-FTM is added to permanent liquidity when decomposing fees on any Soul Ecosystem pairs, including all pairs that contain: SOUL and our bonds based off (%) usage of exchange pairs, which is determined by the ratio of the volume to the liquidity for a given pool, such that the more volume and less relative liquidity amount, the higher the usage rate and thus more profitable the pair.