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

Currently 0% annualized fee on each position.

After fee switch:

• Fee will accrue continuously but settled on actions or at maturity

• Will be deducted from your collateral over time

• Cover risk management, hedging, and protocol maintenance

LP Fee

APR fee tiers are available for LP (usually in 0.01%-0.5% range).

Main features:

• Fees are annualized for liquidity providers to get smooth reward over holding time

• Similar to protocol fee: accrues continuously and settles on actions, claims and at maturity

• Ensure LPs are compensated for taking rate exposure

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