Fees

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 GMX

• 15%: GLP holders

USDG holders will earn fees just by holding the tokens in their wallet.