Fees & Interest

Last Updated: 2024-09-18

Platform Parameters

Parameter	Value
Liquidation LTV Threshold	≥ 90%

Fees on Trading

Parameter	Value
Borrow Fee	0.5% of borrowed amount, with a minimum charge of 0.005 SOL
Trading Fee	0.5% of trading amount (additional charge when opening a position; deducted from receive amount when closing a position) 0% (i.e. waived) for Lava Rock Alpha NFT holders!
Profit Fee	5% of trading profit

Fees on Liquidity Provision

Parameter	Value
Interest Fee	20% of interest received by lenders
Liquidation Fee	0%

Interest Payment

For open long positions, interest is collected automatically every 7 days if the outstanding interest amount is >= 0.1 SOL. The interest payment is made by selling the amount of tokens held as collateral equivalent to the accrued interest amount and transfering that to the lender's address.