Fees
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Fees are generated on the following events:
0.01% fees for minting and burning of USDG with stablecoins
0.15% fees for minting and burning of USDG with non-stablecoins
0.01% fees for stablecoin swaps
0.15% fees for non-stablecoin swaps
0.1% fees for opening and closing of leverage positions
0.06% * (utilisation ratio) borrowing fees, every 8 hours, for leverage positions
Fees for opening and closing of leverage positions will be reduced to 0.1% on10 Jun 2021, together with a new pricing module to better handle prices in times of volatility.
The fees will be distributed in the following percentages:
20%: USDG holders
50%: Deposited back into the protocol to over-collateralise USDG
15%: Staked
15%: holders
USDG holders will earn fees just by holding the tokens in their wallet.