consensus-fee

Warning The Rewards module is currently enabled ONLY on Titus

We are in the process of releasing an updated version of Constantine, which will include the Rewards module too. In the meantime, if you want to try the Rewards module, make sure to set up your node for the Titus experimental testnet

Minimum Consensus Fee Overview

The minimum consensus fee is an important part of transacting on the Archway Network. This guide will explain what the minimum consensus fee is and how to get this information.

Minimum Consensus Fee Definition

The minimum consensus fee is the lowest required amount a user pays in transaction fees. Transactions with a lower fee amount than the minimum fee are declined.

This minimum fee protects the economic model of Archway. It prevents the incentive of sending low/no fee transactions to gain higher dapp rewards.

This minimum fee is shown in one gas unit, for example, 0.002 uarch. The client should query the fee before submitting a new transaction.

Minimum Fee Calculation

The minimum consensus fee is calculated for each new block and shown in one gas unit like 0.002 arch. The formula for the calculating the fee is below;

Inflation Block Rewards / Block Gas Limit * Transaction Fee Rebate Ratio - Block Gas Limit

Inflation Block Rewards - Inflationary rewards per block.
Block Gas Limit - Maximum gas limit per block.
Transaction Fee Rebate Ratio- Ratio of split fees between Validators and dapps.

Querying the Minimum Consensus Fee

Use the below query to get the estimated transaction fee for a given transaction. This will return the minimum consensus fee for the current block:

bash archwayd query rewards estimate-fees [gas-limit] [flags]

Example Query

bash archwayd q rewards estimate-fees 1 --node 'https://rpc.titus-1.archway.tech:443' --output json | jq -r '.gas_unit_price | (.amount + .denom)'