Fee Structure

Fees for Lenders & Borrowers

There are $0 fees for lenders and borrowers.

Every single thing users see on the front-end is what the user's must deal with. The aim of the protocol is to maximize stablecoin yields and Liquidity Provider profits, not to hit users with hidden fees or weird lock up periods. As such, there are no fees or incentives aside from the ones stated below, which are publicly available on all our contracts:

Harvesters

• 3% of the harvested rewards from the collateral and borrowable contracts is paid to whoever called the harvest or reinvest function.

Borrowing

• No Deposit Fee

• No Withdrawal Fee

• No borrow fee.

Lending

• No deposit fee

• No withdrawal fee

• No lend fee

Liquidating

• Liquidation Incentive -> Paid to the liquidator from the borrower's collateral for liquidating positions. Parameter can be upgraded by the DAO with a maximum of 15%.

• Liquidation Fee -> Paid to the DAO from the borrower's collateral once it becomes liquidated. Default is 1% and can be upgraded by the DAO with a minimum of 0% and a maximum of 10%.

The Liquidation Fee and the Reserve Rate should be voted by the users after the initial period to gauge profitability for lenders and borrowers.