💸Costs and Fees

Costs

Costs of infrastructure to operate and manage the bot are covered by the team. Costs associated with the lending and liquidations are covered by the pool.

Covered by team:

• Server costs

• RPC

• Services

• Staff (ops and dev)

Covered by pool:

• Solana transaction fees

• Solana prioritiy fees

• Swap fees

• Position open/closing fees

• Lending protocol fees (Sharky 16% of interest)

• Marketplace fees for liquidation (Tensor 1% fee)

• Royalty fees for sale of liquidated pNFTs

Perfomance Fee

Profits are split as follows:

• 80% to staker

• 20% to team

The team share is collected periodically and is announced in our discord.

Unstake Slippage Cost

The stake and unstake rates differ based on the assets and positions of the pool. These adjustments are there to benefit the existing/continued stakers.

Cash and Carry Arbitrage and Hedged Carry Trades

To compensate for the cost of closing positions we deduct from the NAV a 40 basis points (0.4%) of the total open interest (OI). For example if there is $100K USD of OI. And the total NAV is $200K USD, then a deduction of 0.004 * $100,000 = $4k will be applied to compute the unstake rate.