Fees
The protocol can charge the following fees. Yield, earnings and APYs displayed on the front-end take into account activated fees.
Summary
Reserve factor for interest payments
15% *
Percentage of interests paid which goes towards the protocol
Liquidation Penalty
On open debt of Accounts, according to:
- Liquidation Initiation
0.12%
Paid to the keeper initiating the liquidation
- Liquidation Termination
0.12%
Paid to the keeper terminating the liquidation
- Liquidation Penalty
2%
Equaly split between the protocol and liquidity providers
Origination Fee
0%
Fee on new debt taken
Front-end Swap Fee
0%
Fee on swaps executed through the front-end
Front-end Position Fee
0%
Success fee on positions created and burned through the front-end
Yield Success Fee
5%
Fee on yield generated through the protocol
Auto-Rebalancer (stAAA holder)
0%**
Yield success fee on rebalancing
Auto-Rebalancer
0.05% of amount swapped**
Yield success fee on rebalancing
Auto-Compounder (stAAA holder)
0%***
Yield success fee on compounding
Auto-Compounder
0.05% of amount swapped***
Yield success fee on compounding
* This is not the interest rate itself, but the cut on interest payments. * * Rebalancing may incur other costs such as DEX swap fees and IL. * * * Compounding may incur other costs such as DEX swap fees.
Lending
A fee on interest payments, currently set to 15%.
A share of the liquidation penalty, currently evenly split between the protocol treasury and the liquidity providers.
Front-end
A fee on swaps through the front end, currently set to 0%.
A success fee on positions created and burned through the front end, currently set to 0%.
A success fee on yield generated through the protocol. This fee is set to 5%.
Asset Managers
Depending on the asset manager, the fees can vary. For more information, see Asset Managers.
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