Fees

How does Vault charge fees for services?

Deposit Fee

Vault will charge a fee of 0.1% on the amount of tokens that users deposit into the vault. This fee refers to token swap fees on other centralized and decentralized exchanges. Vault will use this fee to maintain infrastructure and research improvements of the Vault.

Fee collection form: Smart contract will collect deposit fee at the time the users deposit into it so the balance users see on Website after deposit is the balance also minus fee.

Reward Fee

After each week, if the vault is profitable, we will collect 5% of the profit that week (Otherwise, no fee will be charged). We need some money to pay people who contribute well to the tournament. For example, if your balance at Monday is $1000 and Sunday is $1100, Smart contract will collect $5 from your balance (so after collect your balacne at Sunday is &1095).

Fee collection form: the Smart contract will check the profits from the past week and take the amount of money as I described weekly.