> For the complete documentation index, see [llms.txt](https://docs.wombat.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wombat.exchange/concepts/fees/haircut-swap-fee.md).

# Haircut (Swap Fee)

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The value shown in the above table might be outdated. Please refer to the [smart contract](/developers/contracts.md) for the latest value.
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As a profit for the protocol, we charge a certain percentage for each swap as a haircut fee, denoted as *h*. The fee is set in the to-token. 

| Pool                     | Haircut         |
| ------------------------ | --------------- |
| Stablecoin/pegged assets | 0.2 bp (0.002%) |
| Cross Chain (Alpha)      | 1 bp (0.01%)    |
| Ecosystem                | 20 bp (0.2%)    |

Currently, all fees are retained in the pool as a reserve. \
\
\* Exceptions are made dependent on a situational basis.