> For the complete documentation index, see [llms.txt](https://docs.syrax.io/syrax-market/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.syrax.io/syrax-market/whitepaper/how-syrax-works/oracle-and-outcome-resolution/protocol-fees.md).

# Protocol fees

In the world of decentralized prediction markets, the fees are generally lower and transparent, allowing users to easily see and verify what they're paying to the platform. Here's a simple breakdown of the typical fees and how they're divided up:

**Platform Fee**

For every contract placed, there's a 4% fee that goes directly to the platform's system. This is like a service charge for using the platform.

**Market Builder Fee**

The people who set up and run each  market get a reward for their work. They receive 20% of the platform's fee for every contract that goes through to completion. This is to encourage them to keep the market running smoothly.

**Verifier Fee** 

There are also users who help verify the outcomes of contracts to ensure everything is fair and accurate. These verifiers get 10% of the platform fee as a thank-you for their contribution to keeping the platform honest and reliable.

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