| description |
|---|
To sustain the ponzi |
These values were calculated to be competitive against cexes and to sustain the NDOL peg and Necc protocol through a bear market.
| Event | Amount |
|---|---|
Minting NDOL with a volatile token |
0.3% |
| Burning NDOL | 0.3% |
| Swapping Collateral | 0.3% |
| Opening long/short position | 0.1% |
| Closing long/short position | 0.1% |
| Funding rates on Open position | 0.06% * (collateral utilisation ratio) every 8 hours Theoretical maximum of ~65% annually |
| Liquidation | 5 USD in collateral token to liquidator |
| Vesting | 20% to DAO 1% to NDOL stakers |
These fees are redistributed in the form of NECC tokens to:
- NDOL stakers
- Over collateralise NDOL
- Treasury
- DAO