Fees
Platform Fees: While we are currently striving to grow the protocol's TVL, we have decided not to charge anything from lenders. DeFiTuna charges users who open Liquidity Provision positions. Currently the fee is 0.05% and is a single charge per position for any borrowed funds while Fee for any collateral used is 0.005%. Specifically for Stable coin farming the fee is set as 0.01% (USDC/USDT). Fee Formula: (Collateral)*0.005%+( borrowed funds)*0.05% = Protocol fee. In the future we will be making modifications to our fee structure , so keep an active eye out ;)
Limit Order Fee: DeFiTuna charges users who use Limit Orders. Currently the fee is 0.05% and is a single charge per a successful Limit order.
Liquidation Fee: 5% fee is charged for a liquidation event by our platform. This fee is paid to the Liquidator. The charge is applied on notional value of the position including "Unclaimed fee's".
Opening a Position Fee: Currently Orca charges a deposit in order for a position to be opened. This is a refundable deposit upon position closure. Our platform also charges a very small fee in-case we need to call a liquidation function , this fee is also refundable.
Compound Fee: DefiTuna charges 0.005% on any yield compounded back into the position. If a user chooses to compound both yield and add leverage the same time a charge of 0.05% is applied on the leverage while 0.005% is applied on any collateral (yield). For example : $1000 yield compounded into an open position 1000 * 0.00005 = $0.05 Total fee = $0.05 Another example where Yield + Leverage is compounded : $1000 + $2000 1000 * 0.00005 = $0.05 2000 * 0.0005 = $1 Total fee = $1.05 Protocol fee may vary from pool to pool. Keep an eye out on protocol fee. Any collateral used will always be 1/10 of leverage cost for opening position fee + compounding fee.
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