Fees

Interactions with IBCs incur a fee which are then distributed to three entities, LPs, ibAsset stakers, and the protocol creator. The fee rates may differ based on the interaction type.

Minting

A flat fee rate is taken from the minted ibAsset amount.

Fee denomination: ibAsset

Burning

A flat fee rate is taken from the returned reserve asset amount.

Fee denomination: ibAsset

Adding Liquidity

A flat fee rate is taken from the added reserve asset amount.

Fee denomination: reserve asset

Removing Liquidity

A flat fee rate is taken from the removed reserve asset amount. Additionally if the LP is given ibAssets from their credit, a flat fee rate is also applied to this amount.

Fee denomination: reserve asset / ibAsset

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