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
2.24%
On open debt of Accounts, according to:
* Liquidation Initiation
0.12%
* Liquidation Termination
0.12%
* 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 (for (st)AAA holders)
as low as 2.5%
Fee on yield generated through the protocol
Yield Success Fee (for others)
5%
Fee on yield generated through the protocol
Auto-Compounding
<1%
On compounded yield (not principal)
Rebalancer (for (st)AAA holders)
<0.025% **
On amount swapped
Rebalancer (for others)
<0.05% **
On amount swapped
* 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.
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% and decreases according to the ratio of the position size and the (st)AAA holdings of the owner down to 2.5%.
Asset Managers
Last updated