Fees

A little bps here, a little bps there

Deposits & Withdrawals

For the duration of the deposit period of a vault, a small fee is charged when users participate in a vault; the main point of this fee is to discourage frequent deposits and withdrawals, while also not heavily penalizing users.

In a future iteration, this fee is intended to be the least on the opening of a vault and the highest near the close of the deposit period to encourage market-setting activities earlier.

Expiration

The protocol takes a 500bps cut of the total notional value of the losing side before it is distributed to the winning side. This fee is taken into account on the front-end UI for calculating possible returns.