Necc
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Fees
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
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