Investor Fees

Trading fee

The protocol trading fee starts at 2.5 percent and targets 1 percent over time as depth and volume improve. Liquidity providers receive the majority. The exact split is published per pool. The planned fee schedule is described inside tokenomics.

Custodian seeding

On deposit into a vault, 10 percent of newly issued vault tokens (ERC-20) are allocated to the custodian to seed liquidity. This is an allocation, not a trade fee.

Auditor fee (future)

As of today, the auditing mechanisms are not yet implemented. Please see the exact priority within the roadmap. If a vault opts in, an entry fee is sent to auditors at deposit, 1 percent for verified, 0.005 percent for unverified.

Worked example

Suppose the pool currently holds 1,000,000 vault tokens (ERC-20) and 500,000 units of the quote asset, with a 2.5 percent fee. You buy 5,000 units of the quote asset. After fee, 4,875 reaches the pool. New reserves are 504,875 on the quote side and about 990,349 on the vault token (ERC-20) side. You receive roughly 9,651 vault tokens (ERC-20). Your effective price is higher than the starting price because your order moved the market. The app calculates the exact numbers for the live pool.

Slippage

Slippage is the change between the displayed price and the effective price caused by your order moving the pool. The app shows an expected price and a minimum received number before you confirm. If the market jumps past your guard, the transaction reverts.

Execution tips

Prefer smaller clips on shallow pools, set a realistic slippage guard, watch depth charts. If you are patient, add liquidity instead of crossing the spread.

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