Protocol Fee

A 1% protocol fee will be charged whenever DAI redemption happens in the system. Protocol fee before and after expiration are the same.

For example, redeeming 100 DAI will be charged 1 DAI as a protocol fee, and end up receiving 99 DAI.

Specifically, protocol fee will be charged in the below scenarios:

  • Exchange Long/Short tokens into DAI in advance

  • Remove liquidity (exchange LP token into DAI) in advance

  • Redeem DAI with Long/Short/LP tokens after expiration