Fees

Liquidation Fees:

If a Credit Account is liquidated:

  1. 3% percentage goes to a third-party liquidator who liquidated the account

  2. 2% goes to protocol.

Base APY Rate:

The protocol takes a spread as a fee between the APY which lenders receive and the interest the borrowers have to pay for borrowing their assets.

Trading Fees:

Borrowers are charged a flat 5 BPS base fee, applied on notional position size.

Popular assets like SOL and it's LST's, WETH, BTC variants (WBTC, tBTC) have 75% discount on the above trading fees to be competitive in the market.

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