Fees

Protocol fees: Users are charged a flat 5 BPS base fee, applied on notional position size

Automation fees:

• Refinancing loans:

  • 5 BPS fee for debt swaps or collateral swaps

• Stop Loss / Take Profit orders:

  • 5 BPS fee, equivalent to closing a position

Flash loan fees:

1. Asgard sources flash loans from different venues (Marginfi, Kamino).

2. Currently, these sources do not charge any fees for flash loans, but this may change over time and will be reflected in the UI clearly to the borrower.

Liquidation penalties:

• The liquidation penalty varies depending on which lending protocol the position is using:

  • Each integrated lending protocol (e.g. Marginfi, Kamino, Solend) has its own specific liquidation penalty structure.

  • These penalties are set by the respective protocols and may differ in amount and calculation method.

• The liquidation penalty is applied when liquidators purchase collateral during the liquidation process.

• The penalty fee is deducted from the price of the liquidated collateral.

• If Asgard's liquidator bot executes the liquidation first, the protocol earns this liquidation fee.