Let's break down how fees work in Solana and FASOL to help you understand your actual profits.
Paid to Solana network to process your swap. More fee -> faster tx
๐ก Tip: Using Jito (?)
Want to avoid paying Priority Fees (?) on failed transactions?
Enable Jito protection (?)
Trades might be slightly slower
But you save on failed transaction fees
You get rent amount back when close (burn) account
How to Get Rent Back:
Only burn when you're done with the token
This returns your rent deposit
๐ต BUY of tokens
FASOL fee: 0.001 (If you BUY 0.1SOL)
Account rent: 0.00203928 SOL
Priority fee (?): 0.001 SOL
Total BUY cost = 0.10403828 SOL
๐ด SELL Those Tokens:
FASOL fee: 0.001 (If you SELL 0.1SOL)
Priority fee (?): 0.001 SOL
Total SELL cost = 0.102 SOL
As a result, even if you bought and sold for the same amount (0.1 SOL), you lost 0.00603828 SOL on this deal due to fees