Swap Fees

To maintain the Net Liquidity Ratio > 1 and to incentivize LPs, we have defined the swap fees based on the value of NLR. The swap fees is defined as follows:

Basefees=0.01%Base fees = 0.01\%
SwapĀ Fees={BasefeesNLR>=12āˆ—Basefees0.96<=NLR<14āˆ—BasefeesNLR<0.96Swap\ Fees = \begin{cases} Base fees & \text{$NLR >= 1$}\\ 2 * Basefees & \text{$0.96 <= NLR < 1$}\\ 4 * Basefees & \text{$NLR < 0.96$} \end{cases}

Under critical condition (NLR < 1), all the non-LP fees stays in the system.

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