# Fees

The primary fees associated with using ShadeX is interest paid by borrowers to lenders, and the discount placed on collateral during private liquidations that is realized by the liquidator. Additionally, users who perform collateral swaps are subject to traditional swap fees on ShadeSwap. The protocol has taker fees on borrowing interest, private liquidation discounts, and swap fees. There are no flat or one-time fees associated with borrowing or lending on ShadeX.


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