💧Fees

Performance Fee

A performance fee of fifteen percent will be assessed on the profits generated by leveragers. This fee is designed to align the interests of the users and the platform, ensuring that fees are only charged when users realize gains. The performance fee structure encourages optimal leveraging strategies and supports the platform’s long-term sustainability.

Withdrawal Fee

The withdrawal fee for leveragers will be cancelled. Previously, a fee was assessed to cover transaction processing and operational expenses, but this fee has been removed to simplify the user experience and encourage greater participation in the platform’s leverage vaults. No withdrawal fee will apply to leveragers & lenders moving forward.

Liquidation Fee

In the event of liquidation, a five percent fee is charged on the liquidated amount. This fee is integral to compensating for the risk management and administrative efforts involved in handling liquidated assets, thereby maintaining the platform's stability.

When users' positions reach the liquidation threshold (95%), assets will be forced to be liquidated. The returned amount will be the first return to lenders to make lenders whole, and the remaining will be collected by the Liquidator. five hundred bps liquidation fee will be charged. All liquidation fees will be distributed to the treasury.

Indirect Charge on Lenders via Interest Fees

A ten percent fee from the interest returned to lenders will be shared to team. The collected fees will support the same operational needs as above, including salaries, project maintenance, and marketing.

Borrow Fee for Gold Mining Strategy (GMS)

A borrow fee of 0.3% will be applied to all users of the Gold Mining Strategy (GMS), meaning 0.3% of the borrowed amount will be charged as a fee.

For instance, if a user deposits 10 SOL as collateral and leverages their position by 10x, they would borrow an additional 90 SOL. In this case, the borrow fee would be 0.3% of 90 SOL, providing a consistent income source for the protocol and its stakeholders.

This fee structure is designed to ensure a steady revenue stream, which directly benefits our NX stakers by supporting sustainable growth and rewards distribution.