Fees & Economics
Understanding Deriverse's fee structure, rebates, and economic incentives designed to benefit both traders and liquidity providers.
Fee Philosophy
Deriverse's fee structure is designed to:
Reward Liquidity Providers: Competitive maker rebates
Enable Governance: Community control over fee parameters
Optimize Capital Efficiency: Prepayment discounts for active traders
Align Incentives: Fee sharing with
DRVStoken holders
Base Fee Structure
Standard Fees
All fees are subject to governance and can be adjusted by DRVS token holders:
Spot
Governance Parameter
✅
Perpetual Futures
Governance Parameter
✅
Traditional Futures (v2)
Governance Parameter
✅
Options (v2)
Governance Parameter
✅
Example: Base taker fee might be set to 5 basis points (0.05%)
Maker Rebates
All liquidity makers are eligible for rebates:
rebates_rate = rebates_ratio × base_fee_rateParameters:
rebates_ratio= 0.125 (hardcoded at launch)base_fee_rate= governance parameter
Example Calculation:
base_fee_rate = 0.0005 (5 bps)
rebates_rate = 0.125 × 0.0005 = 0.0000625 (0.625 bps)Benefits for Makers:
Immediate rebate on filled orders
Encourages liquidity provision
Scales with trading volume
Transparent, on-chain calculation
Fee Discount Program
Prepayment System
Traders can deposit up to $50,000 USDC to receive significant fee discounts:
Maximum Discount: 75% of base taker fee Prepayment Period: 3 months lock-up Fee Deduction: Fees automatically deducted from prepayment
Discount Formula
The discount is calculated based on prepayment amount:
Condition 1 - Partial Prepayment:
If fees_prepayment < prepayment_for_max_discount:
fees_discount = 0.75 × (fees_prepayment ÷ prepayment_for_max_discount)Condition 2 - Full Prepayment:
If fees_prepayment ≥ prepayment_for_max_discount:
fees_discount = 0.75 (75% discount)Example Scenarios
Scenario 1: $25,000 prepayment (assuming $50,000 threshold)
Discount: 0.75 × (25,000 ÷ 50,000) = 37.5%
Effective fee: 5 bps × (1 - 0.375) = 3.125 bps
Scenario 2: $50,000 prepayment
Discount: 75%
Effective fee: 5 bps × (1 - 0.75) = 1.25 bps
Revenue Distribution
Fee Allocation
Platform revenues are distributed according to the following priority:
Maker Rebates: Paid to liquidity providers
DRVS Stakers: Remaining fees shared proportionally
Insurance Fund: Liquidation penalties (perpetual futures)
Staking Rewards
Development Status: DRVS staking is not yet available. DRVS token is not deployed on Solana Mainnet.
DRVS token holders earn platform revenue through staking:
Distribution Method:
Automatic, on-chain distribution
Pro-rata based on staked amount
All rewards paid in
USDCNo minimum claim amount
Revenue Sources:
Net trading fees (after maker rebates)
Liquidation penalties
Other protocol revenues
Economic Incentives
For Traders
Active Traders:
Prepayment discounts up to 75%
Lower costs for high-volume trading
Predictable fee structure
Market Makers:
Consistent rebates on provided liquidity
Atomic quote replacement tools
Lower gas costs per trade
For Token Holders
DRVS Stakers:
Share in protocol revenue growth
Governance voting rights
Aligned with platform success
Long-term Holders:
Benefit from increased trading volume
Participate in protocol evolution
Passive income generation
Special Programs
Referral Program
On-chain referral system with transparent rewards:
Structure: Single-tier referrals only Currency: All rewards in USDC Settlement: Automatic on-chain distribution
Referrer Benefits:
Pro-rata share of referee trading fees
Immediate reward posting
Transparent blockchain tracking
Referee Benefits:
Up to 10% discount on taker fees
Applies to all trading venues
Immediate activation
Governance Parameters
Key variables controlled by DRVS holders:
Program Duration
Length of referral program
Incentive period
Link Validity
Referral link expiration
User acquisition window
Max Discount
Maximum referee discount
Cost savings
Rewards Ratio
Referrer reward percentage
Incentive strength
Fee Transparency
On-chain Tracking
All fees and rebates are:
Calculated transparently on-chain
Immediately visible in transaction logs
Verifiable by any participant
Integrated with account balances
Real-time Updates
Fee calculations update with each trade
Rebates applied immediately
Discount status visible in account
No hidden fees or charges
Economic Model Benefits
For the Protocol
Sustainable Revenue:
Governance-controlled fee optimization
Multiple revenue streams
Aligned stakeholder incentives
Growth Incentives:
Referral program drives adoption
Fee discounts encourage volume
Maker rebates increase liquidity
For Users
Predictable Costs:
Transparent fee calculation
Governance-controlled changes
Multiple discount opportunities
Aligned Interests:
Lower fees benefit all participants
Revenue sharing with community
Democratic fee setting process
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