Update fees.md

[pretf00d]

adjusted the fee to 1% on limit orders and market orders

Description

Changes

• ...
• ...

Summary by CodeRabbit

• Documentation
  • Updated fee documentation with adjusted parameters for surplus fees and quote improvement fees. Fee caps are now expressed as a percentage of total order volume (1%), with refined formula terms for improved clarity on pricing mechanics.

[vercel]

The latest updates on your projects. Learn more about Vercel for GitHub.

Project	Deployment	Actions	Updated (UTC)
docs	Ready	Preview	May 26, 2026 4:50pm

[coderabbitai]

📝 Walkthrough

Walkthrough

Updated fee documentation in the CoW Protocol by adjusting surplus and quote-improvement fee definitions to reference a 1% total volume cap, updating the quote-improvement fee formula to use volume * 0.01, and refreshing formatting.

Changes

Fee Definitions

Layer / File(s)	Summary
Surplus and quote-improvement fee definitions docs/governance/fees/fees.md	Surplus fee and quote-improvement fee definition blocks are rewritten to reference 1% of total volume as the cap for both fees. The quote-improvement fee calculation is updated to use volume * 0.01, while surplus fee retains volume * 0.0098. Eligibility criteria remain unchanged and formatting is refreshed.

🎯 1 (Trivial) | ⏱️ ~3 minutes

A rabbit hops through the docs with glee,
Fee caps now set at percentage clear,
One percent of volume, easy to see,
Quote improvements and surplus without fear, 🐰✨
CoW Protocol's fees now perfectly dear!

🚥 Pre-merge checks | ✅ 3 | ❌ 2

❌ Failed checks (1 warning, 1 inconclusive)

Check name	Status	Explanation	Resolution
Description check	⚠️ Warning	The description lacks detail and contains only a placeholder change list with unchecked boxes; it does not follow the template structure or provide meaningful context.	Complete the description by explaining why the fee adjustment to 1% is needed and fill in the change list with actual implemented changes instead of placeholders.
Title check	❓ Inconclusive	The title is vague and generic; it does not convey meaningful information about the specific changes made to fee parameters.	Improve the title to be more specific, e.g., 'Adjust fee caps to 1% for limit and market orders' to clearly describe the main change.

✅ Passed checks (3 passed)

Check name	Status	Explanation
Docstring Coverage	✅ Passed	No functions found in the changed files to evaluate docstring coverage. Skipping docstring coverage check.
Linked Issues check	✅ Passed	Check skipped because no linked issues were found for this pull request.
Out of Scope Changes check	✅ Passed	Check skipped because no linked issues were found for this pull request.

_{✏️ Tip: You can configure your own custom pre-merge checks in the settings.}

✨ Finishing Touches

🧪 Generate unit tests (beta)

• Create PR with unit tests
• Commit unit tests in branch pretf00d-patch-4

---

Thanks for using CodeRabbit! It's free for OSS, and your support helps us grow. If you like it, consider giving us a shout-out.

❤️ Share

• X
• Mastodon
• Reddit
• LinkedIn

_{Comment @coderabbitai help to get the list of available commands and usage tips.}

[coderabbitai]

Actionable comments posted: 1

🤖 Prompt for all review comments with AI agents

Verify each finding against current code. Fix only still-valid issues, skip the
rest with a brief reason, keep changes minimal, and validate.

Inline comments:
In `@docs/governance/fees/fees.md`:
- Line 19: The doc currently says "capped at 1% of the total volume" under the
Definition block but the formula uses `volume * 0.0098`; update the formula to
match the stated cap by replacing `volume * 0.0098` with `volume * 0.01` and
ensure the surrounding text (the "Definition:" line stating 50% of surplus ...
capped at 1%) remains consistent with that formula.

🪄 Autofix (Beta)

Fix all unresolved CodeRabbit comments on this PR:

• Push a commit to this branch (recommended)
• Create a new PR with the fixes

---

ℹ️ Review info

⚙️ Run configuration

Configuration used: defaults

Review profile: CHILL

Plan: Pro

Run ID: 1574363c-7b29-4689-be96-0961d42e44ab

📥 Commits

Reviewing files that changed from the base of the PR and between 978e255 and 8684000.

📒 Files selected for processing (1)

• docs/governance/fees/fees.md

[coderabbitai]

⚠️ Potential issue | 🟠 Major | ⚡ Quick win

Surplus fee cap text and formula conflict (1% vs 0.98%).

Line 19 states a 1% cap, but the surplus fee formula in this block uses volume * 0.0098. Please align them to one cap value; otherwise users may compute different fees from the same section.

Proposed doc fix (if cap is truly 1%)

-> **Fee calculation:** surplus \* 0.5 **OR** volume \* 0.0098 [whichever number is lower]
+> **Fee calculation:** surplus \* 0.5 **OR** volume \* 0.01 [whichever number is lower]

🤖 Prompt for AI Agents

Verify each finding against current code. Fix only still-valid issues, skip the
rest with a brief reason, keep changes minimal, and validate.

In `@docs/governance/fees/fees.md` at line 19, The doc currently says "capped at
1% of the total volume" under the Definition block but the formula uses `volume
* 0.0098`; update the formula to match the stated cap by replacing `volume *
0.0098` with `volume * 0.01` and ensure the surrounding text (the "Definition:"
line stating 50% of surplus ... capped at 1%) remains consistent with that
formula.