Fee Structure

Payback to the participants, in the long run

stVol trades have no opening / funding / closing fees. Instead, only winners of each round are charged with an Overall Fee.

For each round, 3.9% of the profit will be charged as the Overall Fee of stVol, which will then be split between the operator and the participants.
For example, if User A paid 10 USDC to buy an OVER option and wins 100 USDC at expiry,
- User A pays 3.51 USDC (=Profit 90 * Platform Fee 3.9%) as a fee.
- User A receives 96.49 USDC as the final result.
On the other hand, User B, the counterpart of such option (=buyer of UNDER option at the same expiry) who paid and lost 90 USDC will NOT be subject to a fee.
Fees are rounded to the second decimal (0.01 USDC)

stVol prioritizes user safety above all - thus, we have implemented measures to prevent malicious attacks towards both the smart contract and deposited user funds.
To keep operations stable, a fee of 0.1 USDC is charged for withdrawal requests from stVol.

(Phase 1) Pre-Tokenomics

100% of the Overall Fee will go to Operator Vault, which is run by stVol's operator.
Operator Fee will be used to fund the operating team, project marketing, referral incentives for stVol affiliates, and ad hoc incentives to be awarded to the users of stVol.

Overall Fees will be shared between stVol participants "Participant Fee" & the operator "Operator Fee"

A significant portion of the Overall Fee will go to the Participants Vault, which is to be paid back to the token holders of Participants Vault per the shareholding of tokens, which can be earned by participating in stVol.
Participants' activity even during the pre-Tokenomics period will be recorded and accumulated on-chain from Day 1 of stVol.
When the Tokenomics is further confirmed and announced in 2H 2024, all the participants during the pre-Tokenomics will receive the accumulated tokens by then, in the form of stVol's token (details are to be decided).
- Although distribution is scheduled for 2024, stVol will be capturing all the participation history since Day 1 and calculating each participant's token-to-be-issued.
- Users can also track their participation history in stVol or on-chain, as stVol is a DeFi option trading venue which allows transparent data access to any users.

The remainder of the Overall Fee will go to Operator Vault, which is run by stVol's operator.
Operator Fee will be used to fund the operating team, project marketing, referral incentives for stVol affiliates, and ad hoc incentives to be awarded to the users of stVol.

Last updated 4 months ago