Transaction Fees
Lending Transaction Fee
Formula:
Lending transaction fee rate = APR Γ Lending Fee Rate Γ (days to maturity/365)
Lending transaction fee = lending transaction fee rate Γ lend amount
Currently, the Lending Fee Rate is 2%. This rate is determined by the TermMax protocol.
Borrowing Transaction Fee
Formula:
Borrowing transaction fee rate = [GT Minting Reference Rate Γ GT Minting Fee Rate + matched borrow rate Γ Borrowing Fee Rate] Γ (days to maturity/365)
Borrowing transaction fee = borrowing transaction fee rate Γ borrowed amount
Currently:
The Borrowing Fee Rate is 3%
GT Minting Reference Rates:
Stablecoins: 10% (Subject to prevailing market conditions from time to time)
Non-Stablecoins: 4%
GT Minting Fee Rate: 10%
Leverage Transaction Fee
Formula: The leverage transaction fee rate is identical to the borrowing transaction fee rate.
Total borrowing amount = input amount Γ (leverage multiplier - 1)
Leverage transaction fee = total borrowing amount Γ borrowing transaction fee rate
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