💰 Fee Structure & Tokenomics
Trading Fees (Paid by Traders)
Base Fees
Open Fee: 0.35% of position size
Hourly Fee: 0.004% per hour (0.035% APR)
Liquidation: 100% of remaining collateral
Maximum Leverage: 15x
Maintenance Margin: 1%
Dynamic Fee Adjustments
Over-utilization Fees (When >90% of assets are used):
Base fees increase by 33%
Incentivizes new LP supply
Protects LP withdrawal ability
Overexposure Fees (When trading becomes imbalanced):
60%
40%
0.35%
70%
270%
0.67%
80%
500%
1.00%
90%
3,900%
2.25%
100%
7,300%
3.50%
Zero Fee Incentive: When overexposure >80%, the underrepresented side pays no hourly fees!
Fee Distribution
LPs: 90% of open fees + 100% of hourly/liquidation fees
Stakers: 10% of open fees (via LDC buybacks)
Protocol DAO: 0% (post-decentralization governance)
Risk Parameters
Position Limits
Minimum Position: $50 USD value
Maximum Position: Currently unlimited
Minimum Collateral: 100 units per asset type
Liquidation Threshold: 99% Loan-to-Value (1% maintenance margin)
Pool Safety Mechanisms
Utilization Cap: 98% maximum utilization
Imbalance Protection: Progressive fee increases
Emergency Pause: Protocol-wide safety switches
Oracle Protection: Multi-source price feeds with 2% deviation limits
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