๐ธFee Distribution
With each wrap and unwrap fee collected from potion usage, burn fees and partner fees are subtracted from the total as priority to burn the set % of LTKN, along with distributing the designated % of LTKNs to the specified partner. The remainder of the fees are converted and used to market buy YEL. Of the market bought YEL, 90% of the YEL are distributed to liquidity providers of the potion where the fees originated from, with the final 10% being burned and taken out of circulation forever.
Detailed information about each potion fee option are as follows:
Fee | Description |
Wrap Fee | The % of liquid tokens (LTKN) collected as fees for wrapping assets to the potion. |
Unwrap Fee | The % of liquid tokens (LTKN) collected as fees for unwrapping assets from the potion. |
Burn Fee | The % of total fees allocated to the burning of the liquid token (LTKN), with a maximum of 45%. |
AMM Buy/Sell Fee | The % of fees applied to the buys & sells of the liquid token (LTKN) done directly via DEX. |
Partner Fee | A % of total fees (up to 5%) that are distributed as liquid tokens (LTKN) to a specified wallet allocated by the creator of the potion. |
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