Fee Structure (IRS)

XCCY derivatives fees are transparent, predictable, and minimal. They cover protocol operations, liquidity provision, and execution costs without hidden charges.

Protocol Fee

• 0.1% annualized fee on each position.

• Fee accrues continuously but is settled at maturity.

• Deducted from your collateral over time.

• Covers risk management, hedging, and protocol maintenance.

---

LP Fee

• 0.2% annualized fee for liquidity providers on each trade.

• Similar to protocol fee: accrues continuously and settles at maturity.

• Ensures LPs are compensated for taking rate exposure.

• Users also cover gas costs for transactions.

---

How Fees Affect Users

• Fees are embedded in your position.

• You see the net fixed rate from the start.

• No surprise deductions at exit—everything is predictable.

• Early exit may impact realized yield due to accrued fees but is always fair and transparent.

---

Why Fees Are Structured This Way

• Continuous accrual matches risk exposure over time.

• Settlement at maturity keeps execution simple.

• Transparent, proportional fees ensure aligned incentives between users, LPs, and the protocol.