Skip to content
Merged
Show file tree
Hide file tree
Changes from all commits
Commits
File filter

Filter by extension

Filter by extension

Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
2 changes: 2 additions & 0 deletions CHANGELOG.md
Original file line number Diff line number Diff line change
Expand Up @@ -15,6 +15,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0

### Fixes

- program: relax fee tier constraints for maker ([#1876](https://github.com/drift-labs/protocol-v2/pull/1876))

### Breaking

## [2.136.0] - 2025-09-03
Expand Down
21 changes: 17 additions & 4 deletions programs/drift/src/validation/fee_structure.rs
Original file line number Diff line number Diff line change
Expand Up @@ -3,6 +3,7 @@ use crate::msg;
use crate::error::{DriftResult, ErrorCode};
use crate::math::constants::{
FEE_DENOMINATOR, FEE_PERCENTAGE_DENOMINATOR, OPEN_ORDER_MARGIN_REQUIREMENT,
PERCENTAGE_PRECISION,
};
use crate::state::state::{FeeStructure, FeeTier};
use crate::validate;
Expand Down Expand Up @@ -89,14 +90,26 @@ pub fn validate_fee_tier(
)?;

let taker_fee = fee_tier.fee_numerator * (100 - fee_tier.referee_fee_numerator) / 100;
let fee_to_market = taker_fee
- fee_tier.maker_rebate_numerator
let fee_to_market_pre_maker = taker_fee
- taker_fee * (fee_tier.referrer_reward_numerator + filler_reward_numerator) / 100;

validate!(
fee_to_market <= fee_tier.fee_numerator,
fee_to_market_pre_maker <= fee_tier.fee_numerator,
ErrorCode::InvalidFeeStructure,
"invalid fee to market ({}) for index ({})",
"invalid taker fee to market ({}) for index ({})",
fee_tier.referrer_reward_numerator,
fee_tier_index,
)?;

let fee_to_market = fee_to_market_pre_maker as u128 * PERCENTAGE_PRECISION
/ fee_tier.fee_denominator as u128
- fee_tier.maker_rebate_numerator as u128 * PERCENTAGE_PRECISION
/ fee_tier.maker_rebate_denominator as u128;

validate!(
fee_to_market >= 0,
ErrorCode::InvalidFeeStructure,
"invalid maker fee to market ({}) for index ({})",
fee_tier.referrer_reward_numerator,
fee_tier_index,
)?;
Expand Down
Loading