Fees

Summary

Fees are not applied to SPEC Vault

Deposit Fee

Less than or equal to 0.1% of deposited amount, pay to people invested in the vault
Deposit fee serves as a mechanism to encourage early liquidity provision, large liquidity provision as well as to prevent front-running. People who already invested in the vault will get deposit fee proportionally based on TVL.
Deposit / Entrance fee =
[1(Deposit(tvl)/(Deposit(tvl)+Vault(tvl))]0.1%[1−(Deposit(tvl)/(Deposit(tvl)+Vault(tvl))]∗0.1\%
Example A: Vault TVL = $10,000. You deposit $1,000. Max entrance fee = 0.1%. Entrance fee = 0.0909%‌
Example B: Vault TVL = $100. You deposit $1,000. Max entrance fee = 0.1%. Entrance fee = 0.00909%

Vault Fee

3% on collected rewards, buy back SPEC and pay to SPEC stakers
A small % of the profits from each re-invest event. From this event, investors will also earn SPEC rewards and they will be automatically staked to governance vault. This means investors will also eligible earn from vault fee as long as they leave their SPEC in the vault. This fee will be used to buy back SPEC and distribute proportionally to SPEC stakers.

Platform Fee

1% on collected rewards, buy back SPEC and pay to platform
The fees collected will be allocated as part of Spectrum's treasury which can be used for varied purposes such as hiring for external audits, community engagement, marketing & payment for development.

Controller Fee

1% on collected rewards, buy back SPEC and pay to auto-compounding controller
This fee is used to cover gas costs for our dynamic optimized auto-compounding as well as underlying services to run controller.
Last modified 3mo ago