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

Distributed To	Fee Rate
LPs	0.25%
ibAsset Stakers	0.25%
Protocol	0.5%

Burning

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

Fee denomination: ibAsset

Distributed To	Fee Rate
LPs	0.25%
ibAsset Stakers	0.25%
Protocol	0.5%

Adding Liquidity

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

Fee denomination: reserve asset

Distributed To	Fee Rate
LPs	0.25%
ibAsset Stakers	0.25%
Protocol	0.5%

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

Distributed To	Fee Rate
LPs	0.25%
ibAsset Stakers	0.25%
Protocol	0.5%