Does a Referral Increase the Protocol Deduction on a V2 Sale?

The native V2 affiliate mechanism pays an eligible referral from the existing protocol fee. When the affiliate program is active and a valid referral rate applies, the contract allocates part of that fee to the affiliate. This allocation changes the recipients without adding a second marketplace deduction to the seller's proceeds.

How Does an ERC-1155 Quantity Affect the V2 Fee Calculation?

For V2's native strategy, fee calculations use the total execution price of the order. The signed amounts specify how many copies transfer, while the price specifies the payment for that complete fill. Multiplying that total price by the quantity again would misstate the fee basis.

Is My Wallet's Maximum Network Fee the Final Cost of a V2 Trade?

The maximum network fee a wallet displays is a spending bound, not necessarily the final transaction charge. For an EIP-1559 transaction, the actual network bill uses consumed gas and the effective gas price. Unused gas allowance does not become a marketplace fee, and the transaction receipt provides the execution figures needed to identify the actual charge.

Can Expiry End a V2 Listing Without an On-Chain Cancellation?

A V2 order becomes unexecutable once its signed end time has passed. Reaching that timestamp does not require the maker to submit a cancellation transaction. Until expiry, valid permissions and funding can still allow execution, so waiting for expiry and actively cancelling provide different control over the order's remaining trading window.

Will Receiving ETH Instead of WETH Change a Sale's Protocol Fee?

A payout's form does not by itself change V2's fee calculation. The applied strategy and creator-fee configuration determine the deduction from the execution price. If a native ETH payout fails, V2 can transfer the allocated amount as WETH. That fallback preserves the allocated proceeds without creating another protocol-fee deduction.

Looksrare

Looksrare fees reduce V2 sale proceeds while Ethereum gas adds a separate transaction cost

Last updated 11 Oct 2026

Looksrare fees include a 0.5% protocol deduction from NFT sales under V2's documented standard fee configuration, while Ethereum gas adds a separate transaction cost. Creator charges depend on the active fee configuration and trading route. Sellers calculate their net proceeds; buyers budget for the purchase and transactions they submit.

Protocol Fees, Creator Charges and Gas

The protocol fee reduces the payment allocated to the seller, a creator fee pays a royalty recipient when applicable and gas pays for Ethereum computation. Each charge has a different basis: sale-price percentages govern trading deductions, while gas follows the work a transaction performs. A marketplace percentage therefore cannot describe the complete cost of using the exchange.

ETH and WETH also have different roles in the budget. WETH, or Wrapped Ether, is the token form used for documented offer payments. Ethereum requires native ETH for gas. A WETH balance can fund an offer without providing the ETH needed for a separate transaction.

Seller Proceeds From a V2 Sale

The execution price covers the payment the buyer provides before the contract allocates seller proceeds and applicable fees, so the displayed sale price differs from the seller's final payment. Seller proceeds equal execution price minus the applied protocol fee and any creator fee. This calculation uses the trade's payment currency. It excludes a separate gas expense the seller pays.

Under the documented 0.5% configuration with no creator charge, the seller's allocation is 99.5% of the execution price, before separate transaction expenses. A creator-fee deduction reduces that allocation further when applicable. Gas the seller pays for accepting an offer belongs to the cost of that transaction; it does not appear as another sale-price percentage.

A sale paid in WETH produces proceeds denominated in WETH. Comparing those proceeds with an ETH gas bill requires a consistent valuation basis. A displayed cash equivalent also introduces the conversion price used at that moment, so comparisons need matching currencies and valuation times. The quoted gross price alone cannot establish the seller's economic return.

The Transaction Sender's Gas Bill

The wallet submitting a direct V2 settlement transaction pays its Ethereum gas bill, making the accepting party responsible for that particular expense. For a purchased listing, the buyer submits the trade against the seller's signed order. For an accepted WETH offer, including a collection offer, the seller submits the trade against the buyer's signed bid. The gas payer changes while sale-price deductions still reduce seller proceeds.

A seller needs ETH for acceptance gas even when the bid promises WETH proceeds.

Signatures, Approvals and Cancellations

The cost of preparing or changing an order depends on whether the wallet signs off-chain terms or sends a transaction which changes approvals or order validity on Ethereum.

Off-Chain Order Signatures

Signing a V2 maker order does not itself consume Ethereum gas. The signature authorizes defined trading terms and can remain executable while those terms are valid. Batch signing can authorize multiple maker orders through one signature, although their eventual trades still need on-chain settlement. The number of signatures therefore does not establish how many gas-paying transactions follow.

Visual outline: Signatures, Approvals and Cancellations (Looksrare fees) — Visual summary: Signatures, Approvals and Cancellations

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Transfer Permissions

NFT collection approvals and transfer-manager permissions are separate authorizations in the V2 SDK. Missing permissions can require on-chain approval transactions, each carrying gas. Bidders can also need an ERC-20 allowance for the payment token. Existing valid approvals avoid repeating those particular setup transactions; revoking permission can make approval necessary again. An approval grants transfer authority, so its spender and scope matter beyond its immediate gas cost.

Order Cancellation

V2 cancellation changes order validity on-chain and carries gas when the transaction executes. Batch cancellation can invalidate multiple order nonces in one transaction. Its effect follows the selected nonces, so cancellation does not imply a sale or a sale-price trading fee. Orders sharing an invalidated nonce become unexecutable.

Why Does Gas Vary Between NFT Trades?

Ethereum gas varies with the computation a trade requires and the network price per gas when the transaction executes, so the NFT's price does not determine this bill.

Gas units measure computational work. Ethereum's execution gas fee equals the gas used multiplied by the effective price per gas. A percentage of an NFT's sale price uses a different calculation.

For EIP-1559 transactions, the effective price includes Ethereum's base fee and the applicable priority fee. Network demand influences the base fee, while the sender sets a priority-fee allowance. Those inputs can change the transaction cost even when its trading terms stay unchanged.

NFT transfers, payment transfers and order validation also require contract execution. Different collections and trading routes can involve different work. Adding more orders to a purchase changes the work the transaction performs, so the same marketplace rate does not imply an identical network bill.

A lower-priced sale can leave gas accounting for a larger share of total spending because gas does not scale directly with the sale price. Lowering the offered priority fee changes the transaction's inclusion incentive without changing the marketplace's protocol rate.

Creator Royalties and Active Fee Settings

Creator charges and protocol charges have separate configuration, so an NFT's royalty setting alone does not determine every deduction from a V2 sale. V2's native trading strategy initializes its standard protocol fee at 50 basis points, equivalent to 0.5%. The documented V2 setup pairs that rate with a 0% creator fee. Its contract architecture nevertheless supports other creator-fee configurations.

Royalty Information

ERC-2981 returns a royalty recipient and amount for a given NFT and sale price. It does not transfer royalties by itself. V2's full-royalty manager checks the collection-wide royalty registry first, then checks ERC-2981 information if the registry provides no applicable recipient. A bundle using ERC-2981 must have compatible royalty recipients and rates across its items. Incompatible royalty information can make settlement revert.

V2 also supports a fixed creator-rebate model through a different manager. The active manager determines how the exchange uses royalty information.

Fee Bounds and Updates

Strategy settings include a standard protocol rate, a minimum total fee and a maximum protocol bound. The fee calculation can increase the protocol portion to meet the minimum total fee. When no creator fee applies, it uses that minimum as the protocol deduction. The protocol owner can update rates within the strategy's bounds. The execution manager also reverts settlement when a creator fee exceeds its configured limit.

Cost Allocation Across V2 Trading Options

V2 listings, WETH offer acceptance and native batch purchases all settle signed orders, but their accepting parties and gas costs differ.

Cost Allocation Across V2 Trading Options
Trading Option	Sale-Price Allocation	Separate Network Cost	Wallet Control Before Settlement
Direct V2 listing purchase	Seller receives the price less applicable fees	Buyer pays settlement gas	Seller retains the NFT; buyer accepts the signed listing
V2 WETH offer acceptance	Seller receives WETH less applicable fees	Seller pays acceptance gas	Buyer retains WETH; seller accepts the signed bid
Native V2 batch purchase	Seller deductions apply to each executed order	Buyer pays the batch transaction's gas	Sellers retain their NFTs; buyer selects signed listings

V2 is non-custodial: assets remain in user wallets before authorized settlement. Collection permissions and token allowances let contracts perform transfers when valid signed orders match. A counterparty can fill a valid signed order without asking its maker for a fresh signature at settlement.

Native Orders and Aggregated Listings

An aggregated listing can settle through another marketplace protocol, so browsing it through the same interface does not establish that the native V2 fee applies. The aggregator delegates orders to approved source-specific proxies. Its V2 proxy uses the native exchange; a Seaport proxy routes supported orders to that separate protocol. The underlying order determines the payment allocation and applicable creator terms.

A consistent comparison uses the quoted purchase amount, the route's included deductions and the gas needed for settlement. Aggregated execution can involve additional contract calls, so a shared checkout does not guarantee equal gas across supported sources. The native exchange's protocol percentage cannot serve as a universal fee schedule for every external listing.

Batch Trades and Partial Success

Native V2 batch purchases share one transaction across multiple matched orders, while each executed order keeps its own price allocation and fee calculation. The batch requires one payment currency, and adding NFTs still adds execution work. Combining trades can share transaction overhead, although it does not establish a fixed gas saving or a lower trading percentage.

Atomic execution reverts the whole purchase if an included trade fails. In non-atomic mode, eligible per-order execution failures can be skipped while other orders settle. Shared validation failures can still revert the transaction. The final cost assessment follows the executed trades and the transaction's gas consumption, rather than assuming every requested item sold. A reverted on-chain attempt can still consume gas even though no sale completes.

Historical Rates and Retired Trading Rewards

Early marketplace comparisons used a 2% trading rate, but V2 launched on April 6, 2023 with a 0.5% protocol fee. That earlier percentage describes the preceding version. Trading Rewards ended in September 2023, so archived promises of LOOKS earned from NFT volume do not establish an ongoing refund of trading costs. Listing Rewards had already ended on March 15, 2023. These retired programs should stay outside a present transaction budget.

Trading Charges and Other Product Fees

LOOKS unwrapping and raffle participation use separate contracts and fee rules, so the NFT protocol percentage cannot describe every product's charges. The rewards system introduced in November 2023 included a seven-day standard unwrap and an immediate priority unwrap which burned 5% of the withdrawn LOOKS. That deduction concerns committed LOOKS, not an NFT sale price. Raffle contracts define their protocol fees per raffle. An NFT trading budget follows the selected exchange order and gas requirements without importing a staking withdrawal percentage or a raffle's terms.

Looksrare fees - common questions

Does a Referral Increase the Protocol Deduction on a V2 Sale?: The native V2 affiliate mechanism pays an eligible referral from the existing protocol fee. When the affiliate program is active and a valid referral rate applies, the contract allocates part of that fee to the affiliate. This allocation changes the recipients without adding a second marketplace deduction to the seller's proceeds.
How Does an ERC-1155 Quantity Affect the V2 Fee Calculation?: For V2's native strategy, fee calculations use the total execution price of the order. The signed amounts specify how many copies transfer, while the price specifies the payment for that complete fill. Multiplying that total price by the quantity again would misstate the fee basis.
Is My Wallet's Maximum Network Fee the Final Cost of a V2 Trade?: The maximum network fee a wallet displays is a spending bound, not necessarily the final transaction charge. For an EIP-1559 transaction, the actual network bill uses consumed gas and the effective gas price. Unused gas allowance does not become a marketplace fee, and the transaction receipt provides the execution figures needed to identify the actual charge.
Can Expiry End a V2 Listing Without an On-Chain Cancellation?: A V2 order becomes unexecutable once its signed end time has passed. Reaching that timestamp does not require the maker to submit a cancellation transaction. Until expiry, valid permissions and funding can still allow execution, so waiting for expiry and actively cancelling provide different control over the order's remaining trading window.
Will Receiving ETH Instead of WETH Change a Sale's Protocol Fee?: A payout's form does not by itself change V2's fee calculation. The applied strategy and creator-fee configuration determine the deduction from the execution price. If a native ETH payout fails, V2 can transfer the allocated amount as WETH. That fallback preserves the allocated proceeds without creating another protocol-fee deduction.