Fees

The protocol can charge the following fees. Yield, earnings and APYs displayed on the front-end take into account activated fees.

Summary

Fee Type
Amount
Notes

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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