Fees

Impermanent Gain fees

Smilee charges to following fees to Impermanent Gain buyers/ sellers:

  • Base Fee: fixed amount of base tokens paid directly to the vault to cover swap costs. The fee is charged for any buy / sell. Note: the fee does not apply to burn of expired position

  • Trade Fee: % of notional traded paid to the fee manager. The fee is charged for any buy / sell / burn (for expired positions). Note: the fee is capped at a maximum % of the premium / payoff (for expired position)

  • Success Fee: % of a trader's PnL paid to the fee manager every time a trader sell in profit (or burn an expired position in profit)

Base Fee
Trade Fee
Success Fee

First 4 Days of the Epoch

  • 0.5 USDC

Last 3 Days of the Epoch

  • 0.25 USDC

Trade Fee (Buy & Sell)

  • 0.04% of the Notional, capped at 12.5% of the Premium.

Trade Fee (Burn at Expiry)

  • 0.04% of the Notional, capped at 12.5% of the Premium.

For wETH & wBTC

  • 0.5% PnL

For Other Assets

  • 5% PnL

Earn Vault fees

Smilee does not charge any fee to liquidity providers.

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