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)
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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