💵Transaction Fees
Lending Transaction Fee
Formula:
Lending transaction fee rate = APR × Lending Fee Rate × (days to maturity/365)
Lending transaction fee = lending transaction fee rate × lend amount
Currently, the Lending Fee Rate is 2%. This rate is determined by the TermMax protocol.
Example: If the lending rate (APR) is 10% and the lend amount is 1,000 USDC with 365 days to maturity:
Lending Fee Rate = 10% × 2% × (365/365) = 0.2%
Fee = 0.2% × 1000 = 2 in unit of FT
Borrowing Transaction Fee
Formula:
Borrowing transaction fee rate = [GT Minting Reference Rate × GT Minting Fee Rate + matched borrow rate × Borrowing Fee Rate] × (days to maturity/365)
Borrowing transaction fee = borrowing transaction fee rate × borrowed amount
Currently:
The Borrowing Fee Rate is 3%
GT Minting Reference Rates:
Stablecoins: 6% (Subject to prevailing market conditions from time to time)
Non-Stablecoins: 3%
GT Minting Fee Rate: 10%
Example: If the matched borrow rate is 5% and the borrowed asset is 1,000 USDC with 90 days to maturity:
Borrowing transaction fee rate = [6% × 10% + 5% × 3%] × (90/365) = 0.75% x 90 / 365 = 0.18493%
Borrowing transaction fee = 0.18493% × 1,000 = 1.8493 in unit of FT
Leverage Transaction Fee
Formula: The leverage transaction fee rate is identical to the borrowing transaction fee rate.
Total borrowing amount = input amount × (leverage multiplier - 1)
Leverage transaction fee = total borrowing amount × borrowing transaction fee rate
Example: With a borrowing transaction fee rate of 0.1923%, an input amount of 1,000 USDC, and a leverage multiplier of 4.8:
Leverage transaction fee = 1,000 × (4.8 - 1) × 0.1923% = 7.3074 in unit of FT
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