Fees

Fees

Prepay Fees for Discount

Overview

Deriverse offer the option to prepay trading fees in USDC to receive a 75% discount. This feature reduces overall costs and is beneficial for frequent traders.

Mechanics

• Users lock a certain amount of USDC as a prepayment.

• The trading fee rate is reduced immediately upon prepayment.

• A 91-day lock period applies.

• Any unused balance can be withdrawn after the lock period ends.

Steps

1. Navigate to the "Fees" section.

2. Select "Prepay Fees."

3. Enter the amount of USDC to lock.

4. Confirm and sign the transaction.

5. The discount is applied instantly, and a countdown timer displays the remaining lock period.

6. After 91 days, unused USDC can be withdrawn.

View Fee Discount Levels

Overview

Users can monitor their current fee discount level and track total fees paid. This allows them to assess potential savings and understand how close they are to the next discount tier.

Mechanics

• Displays a summary of total fees paid to date.

• Shows the current discount level.

• Alerts users if a lock period is about to expire.

• Reflects any governance-voted changes to fee rates or prepayment requirements.

Steps

1. Navigate to the "Fees" section.

2. View the "Fee Discount Levels" panel.

3. Check current discount percentage and total fees paid.

4. Review any upcoming changes, such as lock expiration or governance adjustments.