Fee Discounts for $SPRK Stakers
With the latest relaunch of SparkDEX Eternal Perps Exchange on Flare Network, active traders can now save more simply by staking their $SPRK. When you stake your tokens, you receive xSPRK, which not only earns you staking rewards but also unlocks exclusive perpetual trading fee discounts - directly tied to how much xSPRK you hold.
How It Works
Stake $SPRK to Get xSPRK
Go to the SparkDEX Stake Page.
Deposit your $SPRK tokens to mint xSPRK at a 1:1 ratio.
Your xSPRK balance increases over time as staking rewards accrue.
Hold xSPRK and Trade on SparkDEX Perps
Your discount is applied automatically — there’s no need to claim or activate anything.
Discounts apply to all position (trading) fees when opening or closing positions.
Move Up the Tiers
The more xSPRK you hold, the higher your fee discount.
Your discount tier is determined dynamically, based on your xSPRK balance at the time of trade.
Example Scenario: Discount Rate is automatically applied
Discount Tiers
Tier
xSPRK Balance
Fee Discount
🟠 Tier 1
10,000 xSPRK
5%
🟠 Tier 2
100,000 xSPRK
10%
🟠 Tier 3
2,000,000 xSPRK
20%
💡 Example: If you hold 100,000 xSPRK, you qualify for Tier 2, and your perpetual position fees will automatically be reduced by 10% on every trade.
Why Stake?
Save While You Trade: Enjoy lower trading costs every time you open or close a perpetual position.
Earn Dual Benefits: Keep earning your regular staking rewards while benefiting from fee discounts — no trade-off required.
Support the SparkDEX Ecosystem: Staking $SPRK strengthens liquidity and aligns your incentives with the long-term growth of SparkDEX.
Important Details
Discounts apply only to position (open/close) fees, not to funding or liquidation fees.
Your discount is determined by your current xSPRK balance at the time of trade execution.
Unstaking your $SPRK will reduce your xSPRK balance, which may affect your tier and discount.
Quick Start:
Go to the Staking Dashboard
Connect your wallet and stake your $SPRK to mint $xSPRK
Start trading on SparkDEX Perps — your fee discounts are applied automatically.
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