Fees

In its current iteration, The Protocol applies a 0.05% taker fee on all transactions, with the exception of Liquidity Provider (LP) transactions with Instrument Spot Pool Internal Token and Perpetual Instrument Options Pool Token. LPs are not charged for transactions with Instrument Spot Pool Internal Token and Perpetual Instrument Options Pool Token.

In the future, Deriverse aims to lower its Fees by utilization of the membership-based fee model, i.e. charging some users for pre-determined monthly volumes in advance, but on average 10x less.

Spot Fee Policy

• 75% of the Fees go to the Instrument Spot Pool.

• 25% of the Fees go to the Protocol.

• When buying, Fees are charged in the Asset Token

• When selling, Fees are charged in the Base Currency Token.

Options & Futures Fee Policy

• 75% of the Fees go to the Perpetual Instrument Options Pool.

• Fees are charged only in the Base Currency Token.

Spot Fee Policy and Options & Futures Fee Policy are subject to periodic governance votes. For more information, please see the "Protocol Token - DRVS" section.