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fee updates from subtensor v3.2.4 #58
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LGTM! There's a missing link to the "Alpha fallback" subheading.
Then there's also the question i had about the "swapping alpha for tao" phrase.
@@ -88,6 +93,32 @@ It is currently planned that the fee coefficient will be reduced to $0.005%$ (10 | |||
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</details> | |||
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## Alpha Fallback | |||
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For extrinsics that charge fees by swapping Alpha for TAO, if the sender's TAO balance cannot cover the weight-based transaction fee, the chain will fall back to charging the fee in Alpha. If both TAO and Alpha balances are insufficient to cover the anticipated fee, the transaction fails validation and will not be included in the mempool. When fees are paid in Alpha, the TAO fee is converted to Alpha using the current Alpha price with no slippage. |
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with the way i understand it, shouldn't this be
For extrinsics that charge fees by swapping TAO for Alpha, ...
I believe "swapping alpha for TAO" means that the alpha takes precedence and is converted to TAO.
@@ -18,8 +18,8 @@ Many extrinsics in Bittensor are subject to a flat **weight-based fee**. In Polk | |||
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**Fee Details**: | |||
- **Current rate**: $\approx0.0013 \tau$ | |||
- **Payment source**: Free balance of the transaction sender | |||
- **Denomination**: TAO | |||
- **Payment source**: Sender's TAO free balance by default. For specific extrinsics, if TAO is insufficient to cover fees, the chain will charge fees in Alpha instead (see "Smart Fee Payments (Alpha Fallback)" below). |
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I believe you intended to link to the "Alpha fallback" subheading.
opentensor/subtensor#1921